TechFlow news, August 17 — According to on-chain analytics platform Lookonchain (@lookonchain), a trader leveraged a $125,000 principal into $29.6 million over four months by going long on ETH, achieving an astonishing 236x return.
On-chain data shows that four months ago, the trader deposited $125,000 onto the Hyperliquid platform and began opening long ETH positions through two accounts. Employing a compounding strategy, the trader reinvested each profit back into long ETH positions, ultimately building a massive position of 66,749 ETH worth $303 million.
The combined equity in the trader's two accounts has grown from the initial $125,000 to $29.6 million. Data indicates the trader primarily used a buy-the-dip strategy and currently holds the largest ETH long position, with a liquidation price at $4,200.
