An investor drew attention with his altcoin transactions, earning a total of $8.3 million.
Successful Trading on Hyperliquid
According to Spot on Chain’s report, an investor earned $8.3 million by trading futures on the Hyperliquid platform. The investor with the address '0x880' earned $5.3 million from derivatives trading and $3 million from funding fees.
Investor's Trading Strategy
The smart investor opened both long and short positions in Bitcoin and eight other altcoins. To continue his altcoin futures transactions, the investor transferred another 3.7 million USDC to Hyperliquid.
List of Involved Cryptocurrencies
This investor traded Solana (SOL), Ethereum (ETH), Bitcoin (BTC), Chainlink (LINK), XRP, WIF, Litecoin (LTC), Dogecoin (DOGE), and SUI. He earned $8.3 million by opening short positions in SOL, ETH, BTC, LINK, XRP, WIF, and LTC; and by opening long positions in DOGE and SUI.
This case illustrates the earning potential in cryptocurrency trading and the complexity of selecting the right strategy.
