[A Whale Stops Loss on ETH Long Position and Switches to PEPE Long Position, Holding $12.85 Million] According to Hyperinsight monitoring, whale address 0x727 closed its ETH long position at a loss of approximately $470,000 in the early hours of January 4, previously holding a position worth around $15.57 million. Subsequently, the whale opened a 3x leveraged kPEPE long position, with a holding size of $12.85 million, currently showing a floating profit of $1 million (23%), at an average price of $0.0059 and a liquidation price of $0.0041, becoming the largest kPEPE long whale on Hyperliquid. Additionally, monitoring shows that all kPEPE short whales on Hyperliquid with positions exceeding $1 million are experiencing losses. The largest short whale, address 0x023, holds a position worth approximately $5.88 million, with a floating loss of $710,000 (-120%), at an average price of $0.0056.