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. Two accounts with short positions had about $2.83 million in remaining exposure and a combined unrealized loss of roughly $90,000.

Nominal open interest increased about 23% for PEPE, 7% for UNI and 1% for AAVE; ENA's nominal open interest slipped about 1%. Open interest fell 4% for LINK, 6% for ONDO and 13% for WLD.