TechFlow News, June 16: According to Hyperinsight monitoring data, the most prominent U.S. equities trading address on Hyperliquid—dubbed the “U.S. Equities Trading King”—entered the U.S. equities market in early April with approximately $30,000 in initial capital, initiating a long position in INTC (Intel). Through continuous position rolling, this trader steadily expanded their exposure.
In each upward price movement, the trader reinvested all unrealized profits and released margin back into the position, employing a snowball-like strategy to scale up holdings. After realizing substantial unrealized gains on INTC, the trader further increased their leveraged long position in MU (Micron Technology) by 10x and continued applying the position-rolling strategy.
As of press time, the trader holds combined long positions totaling approximately $6.95 million across INTC and MU, with unrealized profits of roughly $3.5 million. They have become Hyperliquid’s largest long holder in INTC and its second-largest long holder in MU. Within less than three months, they evolved from a small-scale trader into a dominant whale in the on-chain U.S. equities sector.
Currently, profit-taking has not yet been triggered for either the MU or INTC core positions. A newly opened LITE position has an average entry price of approximately $840, with unrealized gains of about 60% so far. Including this new position, the trader’s total position size has risen to $7.7 million, with capital deployed amounting to $3.2 million—representing over 100x return on initial principal.
