An anonymous trader on Hyperliquid turned a $125,000 investment into a staggering $29.6 million in just four months by strategically leveraging long positions on ethereum. 🤯💸
The Rise of a New High-Risk Trader
An unknown high-risk Hyperliquid trader turned $125,000 into $29.6 million in just four months. According to Lookonchain, the trader, who has been compared to the recently liquidated high-risk trader James Wynn, achieved a 236x return by opening two long positions on ETH-USD with 10x leverage. 🚀
As shown by the screenshot shared by Lookonchain on Aug. 17, in the trader’s first position, the entry price was $4,067.54, while the current price stood at $4,543.90, resulting in a profit and loss (PnL) of approximately $21.39 million. The liquidation price for this position was $4,202.60. The total value of the trade was approximately $204.09 million, while the trader held 44,916.104 ETH. 🧠💸
In the trader’s second position, the entry price was $4,093.27 versus the ruling price of $4,543.90, which translated to a profit and loss (PnL) of more than $9.8 million. The liquidation price for this position was $4,200.20. 🤯
Explaining how the trader was able to make an astronomical return, Lookonchain stated:
“A trader turned $125K into $29.6M in only 4 months by going long on ETH, a 236x return – truly legendary. Four months ago, he deposited only $125K into Hyperliquid and began going long on ETH via 2 accounts. He then masterfully compounded his profits, rolling every dollar of gain back into his ETH long to build a massive 66,749 ETH ($303M) position. The total equity of his 2 accounts has now grown from $125K to $29.6M.”
While the trader’s extraordinary returns were met with admiration and praise, the sheer scale of the gains also ignited accusations of insider trading and a broader debate about risk management in the crypto community. On the social media platform X, several users advised the trader to secure their profits, issuing a stern warning that “constantly compounding is a risky game.” 🚨
Echoes of a Past Liquidation
This caution seems poignant given the recent high-profile case of fellow high-risk trader James Wynn. Wynn, who rose to prominence after flipping $7,000 into more than $25 million, ultimately suffered a catastrophic $100 million liquidation on a bitcoin ( BTC) long position when the price unexpectedly fell below $105,000. Stung by the losses, Wynn deleted his X account shortly after changing his bio to “broke.” However, Wynn’s X account is active again, and the posts suggest the trader still has an appetite for high risk. 🎭
Meanwhile, one user argued that the latest Hyperliquid trader’s success was not due to skill but front-running tradfi buy orders.
“This degen nailed ETH’s triple since April, compounding lev into 236x equity. But with $3B ETF inflows slamming in this month alone, hard to call it pure skill over front-running TradFi’s buy orders. Seen too many ‘legends’ vanish when the tide turns,” the social media user stated.
This sentiment was echoed by another user who also insisted that the Hyperliquid trader was not a random person but most likely an insider. 🤡
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2025-08-20 21:34