* The recent surge of Ethereum towards its all-time high has created exceptional opportunities for traders and long-term investors.
On August 17, the blockchain analytics platform Lookonchain reported an incredible story of a trader who turned a $125,000 investment into $29.6 million in just four months.
Ethereum's rise fuels record profits for Hyperliquid trader.
This astonishing return of 236x came from investing in Ethereum through Hyperliquid, a decentralized perpetual exchange. According to Lookonchain, the trader initially deposited $125,000 across two accounts when Ethereum was trading below $2,000.
However, as the price of Ethereum rose above $4,000, the trader took profits by reinvesting all gains into positions. This aggressive reinvestment strategy led to holding 66,749 Ethereum, valued at approximately $303 million.
As a result, Lookonchain reported that the total equity of both accounts has risen from the original $125,000 to nearly $30 million.
The gains of this trader highlight how strategic leverage and market timing can yield substantial returns in volatile conditions. At the same time, not all gains in the Ethereum market come from trading activities.
Lookonchain also tracked an early investor in Ethereum who recently moved a dormant portfolio containing nearly $1.5 million in digital assets.
According to the company, the investor's holdings have not been touched for over a decade, and the initial investment was just $104 during Ethereum's initial coin offering in 2014. This represents an astonishing return of about 14,269x at current prices.
These contrasting examples underscore the diverse pathways to profit in the cryptocurrency system. Traders can leverage market volatility for rapid growth, while patient holders continue to benefit from price increases in the long term.
However, BeInCrypto reported that Ethereum may have upside potential, with sentiment indicating a move towards $5,000. In fact, analysts at Standard Chartered believe Ethereum's value could end the year at over $7,500.
As a result, institutional interest is increasing, with large funds reporting purchases of around $900 million in Ethereum to expand exposure and benefit from potential gains.
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