17-5-2025 – An address that had lain dormant for four years has re-emerged to capitalise on a widespread downturn in altcoins, as reported by Lookonchain. The investor behind this address executed a series of bold leveraged short positions on HyperLiquid, including a 25x short order on Ethereum (ETH), alongside 10x leveraged shorts on PEPE, WIF, and OP. Within a mere four hours, these strategic moves yielded a floating profit of $2.4 million, a remarkable return on the initial $2.95 million investment.
The swift success of this high-stakes operation underscores the volatility gripping the altcoin market, where sharp declines have created lucrative opportunities for bearish traders. The address’s abrupt return to activity after years of silence adds an intriguing layer to this financial manoeuvre, highlighting the unpredictable nature of crypto trading and the potential rewards for those willing to navigate its risks with precision.
