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Trader’s 25x ETH Long at $4,087.9 Shows $283,000 Unrealized Profit

The trader closed $17.68M SOL and $35.45M ETH shorts for $1.06M profit before pivoting long; lifetime PnL exceeds $25M after growing the account from $1.02M to $26.07M.

ETH
SOL

Fact Check
The statement is directly confirmed by a news report from Ainvest (Source 8), which explicitly mentions a '25x leveraged ETH trade that generated $283,000 in unrealized profit.' While other sources discuss similar types of high-leverage Ethereum trades, only this specific source corroborates the exact figures mentioned in the statement.
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Summary

Trader 0x044d on Hyperliquid increased their account from $1.02 million to $26.07 million, booking over $25 million in profit. They recently closed $17.68 million SOL and $35.45 million ETH short positions for $1.06 million in gains, then opened a new $28.9 million ETH long using 20x leverage.

Terms & Concepts
  • 20x leverage: Using borrowed funds to amplify exposure by 20 times the initial margin, increasing both potential gains and liquidation risk.
  • Long position: A trade that profits if the asset’s price rises; the position gains value as the asset appreciates.
  • Hyperliquid: A crypto derivatives exchange focused on high-leverage, on-chain perpetual futures trading.