Recently, PEPE's market performance has attracted a lot of attention. A seasoned trader just closed part of his long positions, with a realized profit of $963,000, but this is only a small part of his overall strategy — he still holds a significant number of pending long positions.

This trader is a typical high-risk appetite investor. He previously experienced a setback with ETH longs, losing $470,000, and then started focusing on PEPE. At that time, his leverage was not aggressive, only 3x. As a result, he made a huge profit this round, earning over $25 million from a single coin.

What's even more interesting is that he hasn't fully exited yet. His BTC position is leveraged at 40x, and he still has room for 10x leverage on PEPE. From this layout, it’s clear he believes this market trend is far from over. This kind of extreme risk management strategy often indicates that there could still be considerable room for market imagination.