A trader on the Hyperliquid platform achieved a remarkable return by turning an initial $125,000 investment into $29.6 million within four months through aggressive long positions on Ethereum (ETH). Utilizing two accounts, the trader compounded profits continuously, amassing a peak position of 66,749 ETH valued at approximately $303 million. At the height of this strategy, the trader's account equity reached $43 million, representing a 344x return. The trader eventually closed all ETH longs, securing a profit of $6.86 million, with the final account equity at about $7 million, a 55x return on the original stake. Subsequently, the trader reopened new long positions but currently faces unrealized losses of around $680,000. Another notable whale trader closed a 21,683 ETH long position at a $6.6 million loss, withdrew $9.6 million in USDC, and later redeposited to open a fresh $100 million ETH long at 25x leverage, now showing an unrealized profit of $1 million. Additionally, whale trader James Wynn returned to the market, opening a 25x leveraged ETH long funded entirely by $19,206 in Hyperliquid referral rewards, with a liquidation price near $4,152. His position was partially liquidated within 10 hours, leaving a reduced long position of 71.6 ETH valued at $300,000. Meanwhile, two new whale addresses purchased nearly $200 million worth of ETH from Bitgo, signaling increased market activity among large holders. Another whale, holding 18,783 ETH valued at $81 million, began selling 3,075 ETH for approximately $13.25 million after nearly a year of inactivity. Overall, these developments highlight significant leveraged trading activity and large-scale ETH accumulation among prominent market participants on Hyperliquid.