Crypto trader's dream run from $125K to $43M turns into nightmare

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Crypto trader's dream run from $125K to $43M turns into nightmare originally appeared on TheStreet.

A cryptocurrency trader who turned his investment of $125,000 into $43 million is now left with a smaller amount.

Four months ago, the trader deposited $125,000 to Hyperliquid, a prominent decentralized exchange, and began to take long positions in Ethereum via two accounts, as per the on-chain analytics platform Lookonchain.

The trader kept putting every dollar gained into his ETH long positions and eventually built a massive 66,749 ETH position worth $303 million. At one point, his total account equity peaked at over $43 million, which meant he generated a 344 times return.

Join the discussion with CryptoWendyO on Roundtable here.

However, the recent market downturn lowered the profits, and the trader closed his ETH positions on Aug. 18.

The trader secured a net profit of $6.86 million following the liquidation, which generated a 55 times return. It means his eventual return is only 15% of the maximum return he could potentially generate if he liquidated his ETH positions at the peak.

After Bitcoin, Ethereum is the second-largest cryptocurrency, which has a market cap of more than $526 billion. Let's compare the price trajectory of BTC and ETH over different timeframes.

Over the last seven days, BTC has fallen more than 2%, but ETH has risen more than 2%. Over the last month, BTC has fallen nearly 1.5%, but ETH has risen more than 20%.

The recent Ethereum surge can primarily be attributed to the broader crypto rally and the growing demand for ETH as a reserve asset among crypto treasury firms such as Tom Lee's BitMine Immersion (Nasdaq: BMNR).

Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing.

Crypto trader's dream run from $125K to $43M turns into nightmare first appeared on TheStreet on Aug 18, 2025

This story was originally reported by TheStreet on Aug 18, 2025, where it first appeared.

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