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A trader's "profit-taking and adding positions" strategy on PEPE yielded over 7 times profit in one week
On January 4th, according to Lookonchain monitoring, a trader (0x419f) went long on PEPE. In just one week, their account net value increased from $58,700 to $489,900, a return of 734%. Seven days ago, they deposited 58,700 USDC into Hyperliquid and went long on kPEPE with 10x leverage. As PEPE rose, the trader continuously rolled profits into larger positions, with the position size reaching up to 221.96 million kPEPE (approximately $1.52 million).