A savvy trader has realized a profit of 1,245 ETH, equivalent to $3.9 million, through strategic trading over the past year. Initially, the trader sold 599.7 ETH at $3,687 per ETH, securing $2.21 million in USDC. The funds were then used to purchase and stake 233,600 HYPE tokens. Recently, the trader unstaked and sold all HYPE tokens, receiving $5.78 million in USDC. The proceeds were used to acquire 1,844 ETH at $3,133 per ETH, culminating in the substantial profit.
Trader Nets $3.9M Profit from Strategic ETH and HYPE Token Trades
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