Against the backdrop of Ethereum's rise to $4,530, the crypto community discusses the unprecedented success of an anonymous trader who increased capital 236 times in four months. His strategy became a benchmark for disciplined use of market trends and leverage.
The mechanics of a legendary deal
Start of position
Investment: $125,000 through two accounts on the decentralized platform Hyperliquid.
Instrument: exclusively long-term positions in ETH with reinvestment of all profits.
"Snowball" strategy
With each increase in ETH, the trader increased positions using leverage, avoiding profit taking.
Key factor: the use of compound interest — each wave of growth multiplied the asset volume.
Final result
Current hold: 66,749 ETH ($303 million at a price of $4,530).
Unrealized profit: $29.6 million from the initial investments.
Why is this an exceptional case?
Risk vs discipline: Despite aggressive leverage, the trader avoided emotional decisions, strictly following the strategy.
Perfect timing: Entry coincided with the start of Ethereum's bullish phase, when the price rose by 217% in 4 months (data from TradingView).
Margin control: No margin calls due to gradual position increases on corrections.
Context: why ETH became the perfect asset
Scarcity: Since the transition to PoS (2022), annual issuance has decreased by 90%.
Institutional demand: Approval of the ETH-ETF in May 2025 attracted $12 billion in institutional funds.
Ecosystem growth: TVL in DeFi on Ethereum surpassed $120 billion, and L2 solutions (Arbitrum, Optimism) handle 85% of transactions.
What’s next?
Analysts wonder if the trader will take profits. Historically, such large holders:
Partially sell at key levels (e.g., $5,000);
Uses derivatives for hedging without closing the spot position;
They transfer to staking for passive income (current APR ~3.5%).
"It's not luck — it's skill in risk management in ideal market conditions," notes The Block analyst David Lin.
The case will enter textbooks as an example of how a combination of patience, mathematical calculation, and a favorable trend creates cryptocurrency fortunes. However, repeating such success will require not only strategy but also unprecedented market conditions.
