A Hyperliquid trader turned a $3 million deposit into $27.5 million in profit in just 52 days by going fully long on various crypto assets.
The trader employed aggressive leveraged bets on Hyperliquid and cashed out almost $6 million in profits while retaining around $22 million in unrealized gains after 52 days of trading.
The trader's high-risk strategy involved going 100% long on crypto prices, utilizing more than 40% of available margin, and capitalizing on the crypto rally from late April to May.
Hyperliquid has seen notable trading activity, including a trader increasing a 40x-leveraged long Bitcoin position to $1.25 billion and gaining significant profits within a short period.