{"id":19797,"date":"2025-03-31T03:01:37","date_gmt":"2025-03-31T03:01:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19797"},"modified":"2025-03-31T03:01:37","modified_gmt":"2025-03-31T03:01:37","slug":"pepe-correction-triggers-over-3-million-unrealized-loss-for-10x-leveraged-long-trader","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19797","title":{"rendered":"PEPE Correction Triggers Over $3 Million Unrealized Loss For 10x Leveraged Long Trader"},"content":{"rendered":"<div>\n<p>An investor with an over-leveraged long bet on frog-themed cryptocurrency <strong>Pepe <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">PEPE<\/a>) is now sitting on unrealized losses worth millions of dollars.<\/p>\n<p><strong>What Happened:<\/strong>\u00a0According to an X post by on-chain tracker\u00a0<strong>Lookonchain<\/strong>\u00a0on Monday, a whale address opened a 10x leveraged\u00a0long position on PEPE on\u00a0the decentralized perpetual trading platform <strong>Hyperliquid<\/strong> a week ago.<\/p>\n<p>The entry price was $0.008 per 1,000 PEPE, with the current position size worth $24.32 million. The trader was already down nearly $3.4 million, and the entire position would be liquidated if PEPE tumbled to $0.00497.<\/p>\n<p>In an attempt to avoid liquidation, the whale added 3.818 million\u00a0<strong>USD Coin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">USDC<\/a>) in margin.<\/p>\n<p><figure class=\"wp-block-embed is-type-rich ...&lt;\/p&gt;&lt;p&gt;&lt;a href=https:\/\/www.benzinga.com\/25\/03\/44554099\/pepes-market-dip-triggers-over-3-million-loss-for-10x-leveraged-long-traderheres-where-they-get-liquidated alt=PEPE Correction Triggers Over $3 Million Unrealized Loss For 10x Leveraged Long Trader&gt;Full story available on Benzinga.com&lt;\/a&gt;&lt;\/p&gt;&lt;\/div&gt;&lt;\/body&gt;&lt;\/html&gt;\"><\/figure>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>An investor with an over-leveraged long bet on frog-themed cryptocurrency Pepe (CRYPTO: PEPE) is now sitting on unrealized losses worth millions of dollars. What Happened:\u00a0According to an X post by on-chain tracker\u00a0Lookonchain\u00a0on Monday, a whale address opened a 10x leveraged\u00a0long position on PEPE on\u00a0the decentralized perpetual trading platform Hyperliquid a week ago. The entry price [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19797","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19797"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19797\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}