Seven Tokens Rebound as Traders Open $7.1 Million in ENA and PEPE Longs

Seven crypto assets rebounded from lows reached during the selloff as two large traders opened long positions on Hyperliquid worth about $7.1 million combined. The positions showed about $250,000 in unrealized gains at the time of the report. Measured against their respective lows, Pepe (PEPE) rebounded about 12% and Ethena (ENA) about 10%. Uniswap (UNI), Aave (AAVE) and Worldcoin (WLD) each gained 7%; Ondo (ONDO) rose 6%, and Chainlink (LINK) advanced 5%, also from their selloff lows. The PEPE position was valued at about $3.09 million, while the ENA long was worth around $4.01 million.

Source: TokenPost