The odds of a crypto trader making heavy profits, especially in the ongoing turbulent market, are low. However, one individual made the right bet, making $900k (accurately $840k) as the HYPE token price recovered from the crash. More significantly, the Hyperliquid exchange behind HYPE faced controversies over security, but things are settling. Let’s discuss.
Crypto Trader Bets on Hyperliquid Price Surge, Making $900k
According to the Lookonchain X post, an anonymous crypto trader positioned its trades on the perpetual future and used 3x leverage to make returns. Interestingly, they ended up with $840k in unrealized profits. The individual entered at $11.3667 while holding 858,832.29 HYPE despite the crypto market crash.
Once the Hyperliquid price surged to $12.415 after its earlier crash amid whales’ liquidation events, the trader ended up with a $840k unrealized profit.
Interestingly, the crypto investor has still not closed the trade and is awaiting further returns, as the HY
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