A whale wallet on Trade.xyz has made more than $1.3 million on its UNITREE trade after building an unusually large long position of more than 30,000 units with notional value above $4 million, then unwinding it in batches between $130 and $140, according to TradingBeats, formerly Hyperinsight. The broader trading record shows a volatile path rather than a straight win: the address lost nearly $1 million in perpetual futures in February last year, emptied the account, and then went quiet for about six months. The turning point came in late March 2026, when external address 0x6b9e transferred in more than $8 million, while the wallet also received HYPE distributions from the Hyperliquid bridge in May and June 2026, including 5,504 HYPE worth about $331,000 and 6,956 HYPE worth about $378,000. Those funds were injected into the perpetual account, driving a surge in trading volume after April 2026. Even then, the account's cumulative perpetual PnL sank to a loss of about $1.51 million around April 23, 2026, its deepest drawdown on record, before a reversal in late June. From June 25 to 27, cumulative perpetual profit jumped from about $178,000 to $1.269 million, adding more than $1 million in two days and lifting account value from $2.57 million to $4.31 million. Across its history, the wallet recorded 11 trades in Hylix contracts with a 63.64% win rate and total profit and loss of more than $820,000, but its standout gains were concentrated in the onchain equities market, especially UNITREE.