Trader Opens $250 Million Long Position on Bitcoin and Pepe, Sees 1.5% Bitcoin Gain

A high-rolling trader has opened a massive long position on Bitcoin and Pepe, signaling a potential breakout for the meme coin. The trader, who has initiated a colossal long position amounting to nearly $250 million, currently holds over $15 million in unrealized gains. The exposure is primarily split between Bitcoin and the meme coin PEPE.

The Bitcoin allocation alone is worth approximately $193,773,551, acquired at an average entry price just under $105,000. At present, Bitcoin is trading above $106,600, marking a 1.5% daily increase and placing it roughly 2% shy of its all-time high. The trader has employed 3.78x leverage, with margin usage slightly at 13.61%.

In contrast, Ethereum has dipped to $2,492, recording a 2% decline over the last 24 hours, while other major altcoins such as XRP, BNB, and Solana remain relatively flat. A popular trader with 78,000 followers, the pseudonymous James Wynn, has publicly claimed to be behind the massive position. Wynn highlighted a possible breakout formation on Bitcoin’s hourly chart, suggesting the current sideways movement could give way to an upward surge, potentially driving BTC toward the $110,000 to $114,000 range.

Equally significant is the trader’s PEPE stake, valued at $33 million, which is sitting on more than $12.4 million in PnL. On the price chart, Pepe is showing continued strength after a massive weekend rally, with price action consolidating just below the recent local high. Whale accumulation between Thursday and Saturday sent the token soaring by 78% in just two days, triggering a breakout from a long-standing descending wedge. That explosive move pushed PEPE into a steep uptrend, which is now pausing for breath.

The RSI has cooled slightly from overbought levels and is currently sitting around 66.87, suggesting the market is digesting gains without triggering heavy selling pressure. PEPE has added another 11.4% in the past 24 hours and is now trading 82% higher than it was this time last month, with most of those gains concentrated in the recent breakout. If momentum continues and bulls maintain control, PEPE could climb past $0.000025 to set a new six-month high, opening the door for a run toward its previous all-time high above $0.000028.

While the whale trader seems confident that Bitcoin and Pepe have the longevity to survive into crypto’s global adoption moment, a new Pepe token is rapidly making classic PEPE look dated. MIND of Pepe ($MIND) is emerging as a standout project at the intersection of internet meme culture and cutting-edge artificial intelligence. While drawing visual inspiration from the iconic Pepe meme, the token goes far beyond typical meme coin dynamics by integrating practical AI tools.

Token holders are granted access to an AI-driven assistant that provides deep dives into social media trends, crypto sentiment tracking, and actionable trading insights. This AI Agent recently made its debut on X. As a result, the project has blown up quickly, already attracting more than $9.7 million in early funding. Moreover, for those looking to earn through passive strategies, staking $MIND offers an attractive yield, currently reaching as high as 232% APY. As artificial intelligence continues to transform sectors ranging from fintech to online communication, MIND of Pepe ($MIND) offers an intriguing mix of viral appeal and meaningful utility that is sure to raise a high price when it launches.