Ether Trader Turned USD 125K into USD 43M and Pocketed USD 7M After Market Drop
A savvy trader turned an investment of USD 125,000 into nearly USD 43 million at its peak, before netting almost USD 7 million in profits after the market drop, which reduced his long positions.
A cryptocurrency investor turned an investment of USD 125,000 into multi-million dollar profits trading Ether on a decentralized exchange, even as whales began to secure their profits after the recent surge.
The trader converted an initial investment of USD 125,000 into over USD 43 million at its peak in just four months, before the latest market drop affected his long position in Ether (ETH).
Despite the market drop, the trader closed all his positions, securing a net profit of USD 6.86 million on Monday, resulting in an impressive return of 55 times his investment, according to blockchain data platform Lookonchain.
After depositing the initial USD 125,000 into the decentralized exchange Hyperliquid, the trader "masterfully compounded his gains, reinvesting every dollar of profit into his long position in ETH to build a massive" position of USD 303 million, according to Lookonchain in a post on Sunday on X.
