How $125K Became $43M in an ETH Trade
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The $303-million ETH long position
A crypto trader managed to turn a $125,000 deposit into one of the largest Ether positions ever seen on Hyperliquid.
Over four months, they compounded every gain into a single Ether long, eventually controlling more than $303 million in exposure. At its peak, his equity hit $43 million. When the market began to reverse, they closed the trade entirely, walking away with $6.86 million in realized profit (a 55x return on the initial stake).
This outcome shows both the extraordinary potential of aggressive compounding and leverage and how easily it could have unraveled in the opposite direction.
Did you know? Ethereum’s dominance in decentralized finance (DeFi): As of July 2024, Ethereum accounted for approximately 59.2% of total value locked (TVL) across all blockchains, with DeFi’s TVL topping $90 billion.
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