On the decentralized exchange Hyperliquid, an unknown crypto trader managed to increase their capital from $3 million to $18.35 million in five days by employing a high-leverage futures trading strategy. As a result, their unrealized profit reached over $15 million, although the positions remain open.
This is reported by Business • Media
Details of the Trader’s Strategy on Hyperliquid
According to analysts, the investor initially deposited $3 million USDC onto the Hyperliquid platform. They then began opening short positions with high leverage, effectively capitalizing on the market decline. The profits generated during trading were continuously reinvested, increasing the volume of their trades.
Structure of Open Positions and Current Profit
At the time of writing, the trader has the following short positions open:
- Bitcoin (BTC): 40x leverage trade, entry point — $92,080, unrealized profit estimated at $5.27 million.
- Ethereum (ETH): 15x leverage, entry price — $3,181, current unrealized profit is around $10 million.
- HYPE: 10x leverage trade, opened at $21.64, profit is approximately $209,000.
- Monero (XMR): 5x leverage position, short opened at $605, unrealized profit — 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 is worth noting that earlier, due to market volatility, two traders lost $27 million while trading altcoins.