An anonymous crypto trader managed to increase their capital from $3 million to $18.35 million in just five days by trading futures on the decentralized exchange Hyperliquid. Their unrealized profit currently stands at over $15 million, as the trades have not yet been closed.
This is reported by Finway
How the Trader Achieved Such Profit
According to analysts, the trader funded their account on Hyperliquid with $3 million in USDC stablecoins and opened a series of high-leverage short positions. As the market declined, they consistently increased their trading volume, reinvesting the profits earned, which allowed them to significantly grow their capital.
Current Short Positions of the Trader
- Bitcoin: position with 40x leverage, entry point — $92,080, unrealized profit approximately $5.27 million;
- Ethereum: leverage 15x, opened at $3,181, unrealized profit around $10 million;
- HYPE: position with 10x leverage, opened at $21.64, unrealized profit approximately $209,000;
- XMR (Monero): position with the lowest leverage of 5x, short opened at $605, unrealized profit is about $86,500.
“An unknown trader increased their capital from $3 million to $18.35 million in five days through futures trading on the decentralized exchange Hyperliquid. However, they have not yet closed their trades, and their unrealized profit exceeds $15 million.”
It was previously reported that other traders have lost significant amounts in the altcoin market, including two investors who recently lost $27 million on such trades.