Trader Profits $48M from Ethereum and other Top Crypto Tokens

An expert with the wallet 0x15b3, has generated impressive profits exceeding $48 million over the past four months. Operating on Hyperliquid, the trader's portfolio includes 15 major tokens, with notable investments in Ethereum (ETH), XRP, Solana (SOL), and Chainlink (LINK).

Since April, he has demonstrated a clear long bias, consistently profiting from these assets as their market values surged. With strategic assets positioning, a very fine trader could compress more than $38M in profits.

Source: X

Long Positions Generate Great Returns

Ethereum has worked in favor of the trader profits. Investing $33.7M in Ethereum, with an unrealized profit of $4.5 million, caused a return of 268.95%. Currently, Ethereum price stands at $4,214, well above the trader's entry value of $3,645.

The other asset that has been a good buy is XRP, with a total investment of approximately $8.7 million, rendering an unrealized profit of about $2 million, which translates to an increase of 465.94%. This profit was realized as the price of XRP increased from the entry point of $2.21 to $2.89.

The opposite is true for Solana and Chainlink, with a positive effect on the trader. He has in his hands $9M worth of Solana, with an unrealized gain of around $1.64M, or 363.90%. Solana price rose from $147.9275 to $180.87. Similarly, Chainlink too has delivered a 195.30% return, where the current price stands at $24.91 against the entry price of $20.0546.

Profitable WBTC Trades for a Near $10M Profit

These long positions of the trader have been equally lucrative for Bitcoin. The trader bought 309 WBTC or Wrapped Bitcoins at an average price of $79,778, amounting to $24.68 million. Since June 16, he has sold 199 WBTC at almost $22.06M, bagging a profit. The remaining 110 WBTC are still held, with the current market price at approximately $110,687, well in excess of the initial investment.

WBTC trades reveal the trader's smart market-timing decisions-all going toward cementing profits with basis combination of buying at cheap prices and selling at significantly higher prices; this ability affords them to float through Bitcoin volatility.

Leverage Strategy and Risk

Profit would not come without the trader accessing leverage at 5.39x across their positions, which magnifies both returns and risks. Position values in aggregate stand at $116.25 with $21.56 million or 40.51% of the margin, utilized.

With a realized profit of $12.5M, they posted an ROE of 142.99%, far a testament to the trader's proper positioning and risk management. Analytic firms have followed closely the trader's performance, noting a similar positioning pattern amongst different assets, including long Ethereum , Solana, and Chainlink.

And yet, use of such high leverage does introduce risk, especially when it comes to market and Ethereum volatility. Risk management and return of sizeable profits—in fact, speak volumes of the trader's caliber. While it may require close monitoring of how market conditions play out keeping such a position, the track record speaks for the finely executed strategy.