PEPE Whale Makes a Power Move: $8.7M Long Position Reopened with $34K in Unrealized Gains

PEPE Whale Returns with a Bang: Bets $8.7M on Next Rally

On January 9, on-chain tracking revealed that a well-known bullish investor — previously celebrated for locking in a $963K profit on PEPE — has re-entered the market with a massive new long position, sparking renewed interest in the meme coin.

This time, the trader opened a leveraged position of 3x on 1,415,355,590 kPEPE tokens, valued at approximately $8.7 million, reclaiming the top spot as the largest PEPE long holder on a major derivatives platform.

Strategic Timing Fuels $34K Unrealized Gain

• Entry coincides with improving market sentiment, showcasing sharp timing
• Position is already up $34K in unrealized profits
• Past successful exit adds credibility, potentially drawing copycat trades

Notably, this address previously exited at peak levels. Its return could signal strong conviction in PEPE’s upward trajectory. As meme coins regain momentum, such high-profile moves may catalyze broader capital inflows.