The savy trader made an over 1,500-fold return on investment despite the broader crypto market slump.
The unidentified trader turned an initial investment of $2,137 into over $3.2 million by trading the newly launched Hyperfy (HYPER) token.
The return equates to more than 1,500 times the initial investment in just 10 hours, according to blockchain analytics platform Lookonchain, which detailed the feat in a Jan. 6 post on X:
"Turned $2,137 into $3.24M in just 10 hours-a 1,515x return... Since then, the trader has been taking profits, selling a total of 17.88M HYPER for 10,286 SOL($2.21M) and still holding 4.12M HYPER ($1.03M)."
Hyper was launched on Raydium at1:45 am UTC onJan. 6 asthe utility token of the Hyperfy metaverse and gaming platform.
The Hyper token rose to an all-time high of $0.26 at 12:30 pm UTC before falling to $0.19 at 2:15 pm. Its market capitalization currently exceeds $198 million, according to Raydium data.
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