ETH Trader Turns $3.5M Loss Into $208M Gain
The post ETH Trader Turns $3.5M Loss Into $208M Gain appeared on BitcoinEthereumNews.com.
Ethereum trader gains $208M after $3.5M loss on Hyperliquid, holding $125M in stETH and $350M in USDC, using OTC trades. An anonymous Ethereum trader has gained over $208 million in total profits after years of swing trading on Hyperliquid. Despite suffering a $3.5 million loss on a recent trade, the trader’s long-term performance remains positive. Since late 2023, the trader has focused primarily on over-the-counter (OTC) trades, which offer more privacy and control. The trader’s current holdings include $125 million in staked ETH (stETH) and $350.5 million in USDC. Hyperliquid’s High Leverage and Risk-Taking Environment The trader’s activity took place on Hyperliquid, a decentralized perpetual exchange. Hyperliquid offers leverage up to 50x, allowing traders to amplify both gains and losses. Despite a major $3.5 million loss, the trader has maintained a net profit of over $208 million. This high leverage environment attracts high-risk traders looking for large, short-term gains. THIS GUY IS UP OVER $200M ON $ETH The trader who lost $3.5M on Hyperliquid in a few hours – is actually UP $208M all time, after only trading ETH for the past 2 years. This whale has been swing trading ETH since the end of 2023, mainly using OTC. He currently holds $125M of… https://t.co/IPPWTEE4i2 pic.twitter.com/3IFP2t6VeP — Arkham (@arkham) January 8, 2026 The platform is built on its own Layer 1 blockchain, providing lower fees and faster transactions. Hyperliquid also offers zero gas fees, which makes it attractive for high-volume traders. The trader’s reliance on OTC markets suggests a preference for executing large trades privately, reducing the market impact of their transactions. This combination of high leverage and low fees can result in large gains but also exposes traders to significant risks. However, this trader has managed to turn losses into overall profits, demonstrating the high-reward potential of trading on…
Filed under: News - @ January 10, 2026 4:19 am