A prominent crypto investor, recognized by the address 0x507, recently faced heavy losses after leveraging a long position on PEPE at 10x on the decentralized exchange Hyperliquid. This high-risk maneuver was initiated on March 24, just ahead of a significant downturn. The current market scenario raises questions about the sustainability of meme coins and the risks associated with leverage trading. Investors are urged to reflect on their strategies for future investments in volatile assets.