ChainCatcher latest news, blockchain data monitoring platform Spot On Chain revealed that a trader made an astonishing profit of more than $8.3 million by trading perpetual contracts on the Hyperliquid platform.

First, the trader made a profit of $5.3 million by trading derivatives, showing his accurate judgment in market fluctuations. The trading strategy includes short positions on SOL, ETH, BTC, LINK, XRP, WIF and LTC, as well as long positions on DOGE and SUI, showing his diversified portfolio and risk management capabilities.

In addition, the trader also earned $3 million from funding fees on decentralized exchanges, further consolidating his profitability. In the past 24 hours, he bridged another 3.7 million USDC to Hyperliquid, showing his continued confidence in the market and active layout.