Hyperliquid Trader Turned $28,000 Into $3 Million: 6 Open Trades Revealed

A Hyperliquid trader using the wallet 0xcf6 has turned an opening deposit of $27,950 into nearly $3 million since early April, according to on-chain analytics firm Arkham. The two-month run came almost entirely from leveraged long bets.

The trader bought Micron and Intel stock perps right after funding the account, then kept adding to them. Both positions remain his largest holdings today.

How Trader 0xcf6 Built the Account

The wallet opened in early April with $27,950 and moved straight into leveraged longs on tokenized stock perps, Arkham on-chain data shows. Micron Technology (MU) and Intel (INTC) were the very first trades.

He chased hyped technology and artificial intelligence names, including SanDisk, before concentrating capital on Micron and Intel. Those two trades produced most of the profit.

The Micron long shows an unrealized gain of nearly $1.96 million, while the Intel long is up about $1.01 million. The account peaked above $3.1 million in late May and now sits close to $3 million. The pattern recalls how another Hyperliquid trader booked similar gains on the same venue.

What the Hyperliquid Trader Is Trading Now

HypurrScan, a Hyperliquid block explorer, shows the wallet running six long positions. Four are tokenized stock perps, and two are crypto perps.

• Micron Technology (MU), a 10x long worth $3.86 million, up roughly $1.96 million
• Intel (INTC), a 10x long worth $2.04 million, up roughly $1.01 million
• Hyperliquid (HYPE), a 10x long worth $1.69 million, up roughly $123,000
• Meta (META), a 10x long worth $454,000, down roughly $16,000
• BlackBerry (BB), a 10x long worth $198,000, up roughly $20,000
• Venice Token (VVV), a 3x long worth $35,000, down roughly $1,800

The stock perps track real share prices but settle in USDC and carry no shareholder rights. The HYPE token trades near $72, up more than 19% over the week, while Venice Token has slipped about 10% on the day. His leveraged style mirrors traders who turned six figures into fortunes.

Leverage cuts both ways. Funding payments have already drained more than $90,000 from the account, and most Hyperliquid traders lose money over longer stretches.

Some X users highlighted the survivorship bias that such stories bring.

“Survivorship bias is undefeated. For every trader who turned $30K into $3M on AI stocks like Micron and Intel, there are hundreds who turned $30K into $3K trying the same thing,” X user Ivan Lim said.

Whether 0xcf6 holds these gains may hinge on how long the stock perp rally lasts.

The post Hyperliquid Trader Turned $28,000 Into $3 Million: 6 Open Trades Revealed appeared first on BeInCrypto.