A trader has generated an impressive profit of over 3.2 million USD in 10 hours, despite the cryptocurrency market facing a downturn and a slow recovery after the holiday season with low liquidity.
By trading the newly launched HYPER token, this trader turned an initial investment of only 2,137 USD into 3.2 million USD in just 10 hours, achieving a return of 1,515 times the initial investment amount.
According to the blockchain analysis platform Lookonchain, this trader has obtained a total of 17.88 million HYPER tokens, which were then sold for 10,286 SOL, equivalent to 2.21 million USD.
At the same time, the trader still retained 4.12 million HYPER, worth 1.03 million USD. Lookonchain's post on January 6 recorded this impressive achievement, highlighting the trader's notable success.
The Hyper token (HYPER) was launched at 1:45 UTC on January 6 (8:45 AM Vietnam time) on the Raydium platform, and is the utility token of the Hyperfy gaming and metaverse platform.
After its launch, the price of HYPER reached an all-time high of 0.26 USD before correcting to 0.19 USD. The market capitalization of HYPER has now surpassed 198 million USD.
The rapid growth of HYPER has amazed the cryptocurrency community as most people are currently closely monitoring the price action of HYPER and checking whether the growth trend can be maintained.