Hyperliquid trader flips $3M into $27.5M during crypto rally

A crypto trader profited over $27 million on decentralized exchange Hyperliquid after placing high-leverage, all-long bets during a major market rally.

A Hyperliquid trader has pulled off an explosive and high-risk trading run, turning a $3 million deposit into $27.5 million in profit in just 52 days. 

Between April 7 and April 9, the trader deposited nearly $3 million on the platform and placed aggressive leveraged bets, going fully long on various crypto assets. Hyperliquid allows users to trade perpetual futures onchain without custodians or intermediaries.

The trader went all-in on long positions, betting that crypto prices would increase. The trader used different leverage levels for various assets, meaning that for each dollar they put in, they were controlling more value. 

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