Market
Whale Leverages $27.5 Million PEPE Long on Hyperliquid

A crypto whale’s high-stakes, 10x leveraged PEPE position on Hyperliquid faces mounting risk. The whale’s leveraged PEPE bet remains precarious, risking liquidation amid market instability.
With added margin but persistent losses, any adverse price move could trigger cascading sell-offs and broader crypto turbulence.
Whale Opens 10X Leverage on PEPE
Crypto and DeFi analyst Ai revealed a notable gamble by a whale trader, placing a high-stakes bet on the PEPE meme coin. They opened a 10x leveraged long position worth $27.53 million on the Hyperliquid network.
However, the trade quickly turned against them, with unrealized losses amounting to $3.238 million.
The whale, identified by the address 0x507…BeDb6 initiated the position on March 24 at an entry price of $0.00814 per 1,000 PEPE. As it stands, they are now at risk of liquidation should the price fall to $0.005219.
To prevent forced closure, they have added 3.818 million USDC in margin (approximately $3.8 million).

The precarious nature of the position raises concerns about the broader risks to PEPE’s market stability and the implications for leveraged trading on Hyperliquid.
Using 10X leverage dramatically amplifies potential gains and losses, making this a highly volatile bet. Even minor price fluctuations can lead to significant swings in the whale’s account balance.
If PEPE’s price continues to decline and reaches the liquidation threshold, Hyperliquid’s automated systems will forcibly close the position.
This could further drive down PEPE’s price. Such liquidations often lead to cascading sell-offs as other leveraged traders get caught in a feedback loop, exacerbating market volatility.
Meanwhile, the whale’s decision to inject more margin suggests they are committed to defending their position. However, this also signals the pressure they are under to maintain solvency.
What Are the Perceived Risks?
PEPE’s inherent volatility adds another layer of risk. As a meme coin, its price movements are often driven by social sentiment rather than fundamental value. This makes it particularly vulnerable to quick price swings, which could trouble the whale’s position.
If negative market sentiment prevails due to external factors such as regulatory news or shifting trader interest, PEPE’s price could decline further.
Given that the market has already been experiencing a downturn, the likelihood of additional price pressure remains a significant concern.
Another critical issue is the potential for whale-induced market manipulation. Large-scale traders have the power to sway market trends, either through direct trades or by influencing sentiment.
By continuously adding margin to avoid liquidation, the whale may attempt to prop up PEPE’s price and prevent a major sell-off.
However, such efforts can only go so far. If the whale ultimately exits their position, it could trigger panic among smaller traders, leading to a rapid decline in PEPE’s value.
The broader impact on retail investors closely tracking whale activity could exacerbate instability.
The risks associated with liquidation cascades also cannot be ignored. Hyperliquid’s decentralized liquidation mechanism allows efficient order processing.
However, a large liquidation can spark a chain reaction in highly leveraged markets.

The PEPE price has fallen by over 5% in the last 24 hours and was trading for $0.00000721 as of this writing.
If PEPE’s price nears the whale’s liquidation point, other traders may begin preemptively selling to avoid losses, creating a snowball effect.
This could result in PEPE experiencing sharp price declines quickly, potentially affecting other meme coins and broader crypto markets.
KOL Opens Similar Leverage Position for Ethereum
The risks are not limited to PEPE alone. A similar situation is unfolding with another prominent trader, CBB, a Key Opinion Leader (KOL) on X. They opened a 10X leveraged long position on Ethereum (ETH) worth $2.11 million.
Currently, they are facing an unrealized loss of $1.035 million due to an entry price of $2,730. Given current market conditions, this has proven to be too high.
However, unlike the PEPE whale, this trader has a more comfortable margin buffer, with a liquidation price of $1,167.8.

While not in immediate danger, this case further reflects the precarious nature of highly leveraged trading in volatile markets.
The unfolding drama surrounding these positions highlights the risks of excessive leverage, particularly in a declining market.
With PEPE’s whale struggling to maintain their position and Ethereum’s long traders facing mounting losses, the broader crypto market could see increased volatility in the coming days.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Fake Gemini Bankruptcy Emails Target Users

Crypto scams are surging as more people flock to digital currencies, with fraudsters exploiting the industry’s rapid growth to deceive investors.
Recently, numerous crypto users reported receiving fraudulent emails claiming that the Gemini exchange had filed for bankruptcy. Meanwhile, Coinbase Exchange has admitted that an employee illegally accessed user account information.
Gemini Exchange Addresses Bankruptcy Allegations
Multiple accounts highlighted the scam on social media, indicating that an email circulating falsely claims that Gemini has filed for bankruptcy. The email instructed users to withdraw to an Exodus wallet and provided a seed phrase.
These phishing emails, shared on April 1, urged recipients to withdraw their funds into a specified crypto wallet to protect their assets. This was an attempt to deceive users into transferring their cryptocurrencies to wallets controlled by scammers.
“Do not follow these directions. Please retweet to protect those that may have been doxxed and sent this email,” wrote Jason Williams, a contributor to Fox Business.

The deceptive emails alleged a substantial loss of $1.2 billion by Gemini Exchange. Understandably, some novice investors would heed this email and even move their assets to the address. After all, some victims of FTX Exchange contagion continue to pursue their funds even years after the incident.
“I got one also. It is better than your typical ‘Coin Base’ one, but still not quite there. Might fool a boomer though,” one X user remarked.
However, security experts advise users to always verify information through official channels, avoid clicking on unsolicited links, and refrain from sharing personal data. Gemini issued an official warning in response to the scam, acknowledging the threat against its users.
“We recently learned that some Gemini customers are being targeted with scam emails requesting users to transfer their crypto to outside wallets. Please be aware that Gemini will never request that you send crypto to outside wallets,” the exchange articulated.
Coinbase Admits Employee Illegally Accessed User Account Data
Coinbase exchange acknowledged a privacy violation by one of its staff in a somewhat related development. Specifically, a customer service employee accessed user account information without authorization.
This breach has raised concerns about potential scams targeting Coinbase users. Mike Dudas, a crypto investor and co-founder at The Block, shared an email from Coinbase acknowledging the incident.
“That explains the fake Coinbase phishing emails and phone calls today,” he stated.

This breach coincides with reports of phishing attempts, as users have received fake emails and calls purporting to be from Coinbase. These incidents reflect a broader wave of crypto-related fraud.
Blockchain investigator ZachXBT reported that Coinbase users lost over $65 million to social engineering scams between December 2024 and January 2025.
“Coinbase did not detect it; I sent them the intel,” the blockchain investigated noted.
Additionally, crypto analyst Cobie suggested Kraken might be experiencing a similar issue. Per his post, a new attack may be budding, where attackers infiltrate customer service roles to exfiltrate data.
“Kraken also recently hit with this too. Maybe a new scheme from attackers (get a CS agent employee in, exfil data),” the analyst remarked.
Amidst these events, ZachXBT recently explained how to avoid crypto scams. He emphasizes the importance of conducting thorough research before engaging with new DeFi protocols, especially those forked from existing projects on newly launched EVM chains.
Additionally, he advises caution when dealing with projects with few credible followers, as these may indicate potential scams.
Therefore, it is imperative that users remain vigilant against sophisticated phishing scams and unauthorized data breaches.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Price Struggles as Whale Selling Rises To $2.3 Billion

XRP has been on a consistent downtrend in recent days, with its price falling sharply and approaching the $2 mark. This has resulted in extended losses for the cryptocurrency, with a notable rise in selling pressure.
Despite the bearish momentum, key investors are trying to offset the negative impact.
XRP Whales Are Uncertain
Whale activity has been a major factor contributing to the recent decline in XRP’s price. Addresses holding between 100 million and 1 billion XRP have sold over 1.12 billion XRP, worth $2.34 billion, in the past seven days. This has brought their total holdings down to 8.98 billion XRP.
The selling activity from these whale addresses reflects a cautious outlook for XRP. While whale selling often indicates uncertainty in the market, it’s important to note that their behavior can also have significant short-term price movements. The recent heavy selling could signal that market participants are unsure about the short-term price action, and further bearish trends could follow if this continues.

On the broader market level, XRP’s macro momentum shows signs of divergence from the whale selling. The Liveliness metric, which tracks the behavior of long-term holders (LTHs), is currently declining.
A falling Liveliness typically signals that LTHs are accumulating more of the asset at lower prices rather than selling. This drop to a three-month low suggests that long-term holders are sticking to their conviction and accumulating XRP, even as whale selling intensifies.
The steady accumulation of LTHs might help cushion the bearish effects created by the whales. This behavior can counteract the selling pressure, potentially offering stability to XRP’s price and supporting a recovery if market conditions improve.

XRP Price Needs To Find Direction
XRP’s price has fallen by 14.5% this week, bringing it to $2.09, which is dangerously close to losing the critical $2.02 support level. The ongoing bearish momentum has created mixed signals in the market, which are likely to keep the price stuck in a narrow range for the time being.
If XRP can bounce back from the $2.02 support, it could recover some of the recent losses. However, the altcoin may remain consolidated below the $2.27 resistance level unless more positive news or market conditions arise to push it higher.

If XRP breaks through the $2.27 barrier or falls below $2.02, it could invalidate the current consolidation outlook. A successful breach of $2.27 could pave the way for a price recovery, with $2.56 being the next significant target.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Bitcoin Price Battles Key Hurdles—Is a Breakout Still Possible?

Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Bitcoin price started another decline below the $83,500 zone. BTC is now consolidating and might struggle to recover above the $83,850 zone.
- Bitcoin started a fresh decline below the $83,200 support zone.
- The price is trading below $83,000 and the 100 hourly Simple moving average.
- There is a connecting bullish trend line forming with support at $82,550 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start another decline if it stays below the $83,850 resistance zone.
Bitcoin Price Faces Resistance
Bitcoin price failed to start a recovery wave and remained below the $85,500 level. BTC started another decline and traded below the support area at $83,500. The bears gained strength for a move below the $82,500 support zone.
The price even declined below the $82,000 level. A low was formed at $81,320 before there was a recovery wave. There was a move above the $82,500 level, but the bears were active near $83,850. The price is now consolidating and there was a drop below the 50% Fib retracement level of the upward move from the $81,320 swing low to the $83,870 high.
Bitcoin price is now trading below $83,250 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $82,550 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $83,250 level. The first key resistance is near the $83,850 level.

The next key resistance could be $84,200. A close above the $84,200 resistance might send the price further higher. In the stated case, the price could rise and test the $84,800 resistance level. Any more gains might send the price toward the $85,000 level or even $85,500.
Another Decline In BTC?
If Bitcoin fails to rise above the $83,850 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $82,550 level. The first major support is near the $82,250 level and the 61.8% Fib retracement level of the upward move from the $81,320 swing low to the $83,870 high.
The next support is now near the $81,250 zone. Any more losses might send the price toward the $80,000 support in the near term. The main support sits at $78,500.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $82,250, followed by $81,250.
Major Resistance Levels – $83,250 and $83,850.
-
Market23 hours ago
Top Crypto Airdrops to Watch in the First Week of April
-
Market18 hours ago
Trump Family Gets Most WLFI Revenue, Causing Corruption Fears
-
Ethereum17 hours ago
Ethereum’s Price Dips, But Investors Seize The Opportunity To Stack Up More ETH
-
Altcoin23 hours ago
$33 Million Inflows Signal Market Bounce
-
Market22 hours ago
3 Altcoins to Watch in the First Week of April 2025
-
Market21 hours ago
Bitcoin Mining Faces Tariff Challenges as Hashrate Hits New ATH
-
Regulation21 hours ago
USDC Issuer Circle Set To File IPO In April, Here’s All
-
Market20 hours ago
Pi Network Struggles, On Track for New All-Time Low