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Project Overview
PEPE is a deflationary memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s. The project aims to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin, and strives to establish itself as one of the top meme-based cryptocurrencies. PEPE appeals to the cryptocurrency community by instituting a no-tax policy, a redistributive system rewarding long-term stakers, and a burning mechanism to maintain scarcity of the PEPE coin.
A whale went long on 1.31 billion PEPE tokens with 10x leverage, worth $4.62 million.
According to on-chain analytics platform Lookonchain (@lookonchain), over the past three hours, two wallets—suspected to belong to the same whale—opened 10x long positions on 1.31 billion kPEPE (approximately $4.62 million).
PEPE swing trading whale appears to have cleared remaining 63.9 billion PEPE, with cumulative losses potentially exceeding $17.12 million
according to monitoring by crypto analyst Ai Yi @ai_9684xtpa, a whale address previously known for multiple high-win-rate swing trades of PEPE has deposited all remaining 63.9 billion PEPE tokens into Bitget over the past 12 hours, worth approximately $2.357 million, seemingly completing a full liquidation.Data shows that the deposit price for this batch of PEPE was approximately $0.000003687, while the acquisition cost was around $0.00001683. If sold, it would result in a loss of approximately $8.4 million. Combined with the portion already transferred to exchanges two months ago, cumulative losses are estimated to have exceeded $17.12 million.Additionally, the same address has also deposited other altcoins such as UNI and CAKE into exchanges this time. It remains unclear whether the address plans a complete liquidation or is merely switching to a new address.
PEPE whale with 100% swing trading win rate suspected of reducing positions at a loss, estimated loss of $6.995 million
According to Odaily, on-chain analyst Ai Yi monitors that a PEPE whale with a 100% swing trading win rate is suspected of reducing positions at a loss, with an estimated loss of $6.995 million. Five minutes ago, he deposited 532.3 billion PEPE (worth $1.96 million) into Bitget. This is his first deposit in two months. Since establishing his position in June 2024, he has accumulated a total of 1.31 trillion PEPE, with an average cost of $0.00001683. If this portion were to be sold, it would result in a 78% loss.
Two wallets opened 10x long positions on PEPE simultaneously, worth approximately $3.37 million.
According to on-chain analytics platform Lookonchain (@lookonchain), two wallets simultaneously opened 10x long positions in PEPE, collectively holding 924.7 million kPEPE, valued at approximately $3.37 million. Their average entry price was around $0.00364, and the 10x long liquidation price is near $0.00328—about 10% below the current price.
WEEX Launches Meme Ecosystem Week: Trade to Share $60,000
WEEX Exchange has announced the launch of its Meme Ecosystem Week. Users can trade the following meme tokens—PEPE, PENGU, BONK, DOGS, NOT, WIF, FARTCOIN, and TURBO—to share in a $60,000 reward pool. Event Period: May 6, 18:00 – May 16, 18:00 (UTC+8). During the event: - New users who make a net deposit of ≥100 USDT and execute their first spot trade in any of the eligible tokens will receive a mystery box airdrop worth up to $18. - Both new and existing users whose cumulative spot trading volume in the eligible tokens reaches ≥1,000 USDT are eligible to share in a $30,000 prize pool.
A major whale purchased 80 billion PEPE tokens—worth approximately $3.08 million—after an eight-month hiatus.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), wallet address 0x2Dc…1AA2D purchased 80 billion PEPE tokens again after an 8-month hiatus, spending approximately $3.08 million. Previously, on August 14, 2025, this address withdrew 660 billion PEPE tokens at an average price of $0.0000122. Following this top-up, its average holding cost dropped to approximately $0.0000074; however, it remains underwater by roughly $5.094 million as of now.
Related news
A whale went long on 1.31 billion PEPE tokens with 10x leverage, worth $4.62 million.
According to on-chain analytics platform Lookonchain (@lookonchain), over the past three hours, two wallets—suspected to belong to the same whale—opened 10x long positions on 1.31 billion kPEPE (approximately $4.62 million).
PEPE swing trading whale appears to have cleared remaining 63.9 billion PEPE, with cumulative losses potentially exceeding $17.12 million
according to monitoring by crypto analyst Ai Yi @ai_9684xtpa, a whale address previously known for multiple high-win-rate swing trades of PEPE has deposited all remaining 63.9 billion PEPE tokens into Bitget over the past 12 hours, worth approximately $2.357 million, seemingly completing a full liquidation.Data shows that the deposit price for this batch of PEPE was approximately $0.000003687, while the acquisition cost was around $0.00001683. If sold, it would result in a loss of approximately $8.4 million. Combined with the portion already transferred to exchanges two months ago, cumulative losses are estimated to have exceeded $17.12 million.Additionally, the same address has also deposited other altcoins such as UNI and CAKE into exchanges this time. It remains unclear whether the address plans a complete liquidation or is merely switching to a new address.
PEPE whale with 100% swing trading win rate suspected of reducing positions at a loss, estimated loss of $6.995 million
According to Odaily, on-chain analyst Ai Yi monitors that a PEPE whale with a 100% swing trading win rate is suspected of reducing positions at a loss, with an estimated loss of $6.995 million. Five minutes ago, he deposited 532.3 billion PEPE (worth $1.96 million) into Bitget. This is his first deposit in two months. Since establishing his position in June 2024, he has accumulated a total of 1.31 trillion PEPE, with an average cost of $0.00001683. If this portion were to be sold, it would result in a 78% loss.
Two wallets opened 10x long positions on PEPE simultaneously, worth approximately $3.37 million.
According to on-chain analytics platform Lookonchain (@lookonchain), two wallets simultaneously opened 10x long positions in PEPE, collectively holding 924.7 million kPEPE, valued at approximately $3.37 million. Their average entry price was around $0.00364, and the 10x long liquidation price is near $0.00328—about 10% below the current price.
WEEX Launches Meme Ecosystem Week: Trade to Share $60,000
WEEX Exchange has announced the launch of its Meme Ecosystem Week. Users can trade the following meme tokens—PEPE, PENGU, BONK, DOGS, NOT, WIF, FARTCOIN, and TURBO—to share in a $60,000 reward pool. Event Period: May 6, 18:00 – May 16, 18:00 (UTC+8). During the event: - New users who make a net deposit of ≥100 USDT and execute their first spot trade in any of the eligible tokens will receive a mystery box airdrop worth up to $18. - Both new and existing users whose cumulative spot trading volume in the eligible tokens reaches ≥1,000 USDT are eligible to share in a $30,000 prize pool.
HTX Launches “Spring Travel Season” Trading Contest—Trade Designated Hot Tokens to Share a $50,000 Prize Pool
According to the official announcement, HTX has launched the “Spring Travel Season” trading competition. From now until May 9 at 18:00 (UTC+8), users who register and participate in spot trading of BTC, ETH, SOL, XMR, or LTC—or USDT-denominated perpetual contracts of DOGE, PEPE, XAG, TRUMP, or XMR—and complete designated tasks will accumulate “Miles.” Prizes totaling $50,000 will be distributed among participants based on their Mile rankings. Additionally, users who fulfill both the spot holding requirements and complete daily contract trading check-ins for the entire duration will qualify for a lottery draw, sharing an extra $1,500 prize pool.