In a jaw-dropping move, a trader turned a modest $2,137 into over $3.2 million in just 10 hours, despite the ongoing slump in the broader crypto market. According to blockchain analytics platform Lookonchain, the trader capitalized on the newly launched Hyperfy (HYPER) token, making an astonishing 1,515x return. The token, which launched on Jan. 6, quickly saw its price surge to an all-time high of $0.26 before dipping. By then, the trader had already sold off a significant portion, raking in over $2.2 million in SOL and holding onto another $1 million in HYPER.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Crypto Traders Still Scoring Big amid Market Correction
While the market is still reeling from a liquidity crunch, some traders are still cashing in. In fact, a separate trader made over $1.1 million within two days on a short position in Ethereum (ETH-USD), showing that even during corrections, crypto traders can come out on top.
Investors can track their favorite cryptocurrencies on TipRanks. Click on the image below to find out more.
