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Aug 22, 11:30 AM
Trader Builds 66,749 ETH $303M Position, Turns $125K Into $29.6M on Hyperliquid Before $6.22M Loss
Markets
Crypto

Trader Builds 66,749 ETH $303M Position, Turns $125K Into $29.6M on Hyperliquid Before $6.22M Loss

Authors
  • Cointelegraph
  • Crypto Rover
  • Lookonchain
9

A trader on the Hyperliquid platform achieved remarkable returns by compounding leveraged long positions on Ethereum (ETH) over a four-month period. Starting with an initial capital of $125,000, the trader expanded their position to 66,749 ETH, valued at approximately $303 million at peak. The account equity peaked at over $43 million, representing a 344x return. After closing the full position, the trader locked in a profit of $6.86 million, with a remaining equity of about $6.99 million, a 55x return on the original investment. Subsequently, the trader reopened new long positions but experienced a market crash that resulted in a loss of $6.22 million, reducing the account balance to $771,000. More recently, the trader has resumed aggressive long trading on ETH, including a 25x leveraged position with an entry price around $4,087.90. The position size has fluctuated, with recent increases to over 15,800 ETH and unrealized profits exceeding $1.7 million. The trader's strategy involves continuously rolling profits into larger ETH positions, though this has brought the liquidation price close to the current market price, indicating high risk exposure. The trader's activity has drawn attention for its scale and volatility on the Hyperliquid platform.

Written with ChatGPT (GPT-4).

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