Trader Turned $2,000 Into $3.2M In 10 Hours With Metaverse Token

The savvy trader increased his investment returns by more than 1,500 times despite the overall crypto market crash.

A trader generated more than $3.2 million in profits despite the broader crypto market crash, which is still recovering from a lack of liquidity during the holiday season.

The unidentified trader turned an initial investment of $2,137 into more than $3.2 million by trading the newly launched Hyperfy (HYPER) token.

The return is equivalent to more than 1,500 times the initial investment in just 10 hours, according to blockchain analytics platform Lookonchain, which detailed the feat in a post published on January 6 on X.

He turned $2,137 into $3.24 million in just 10 hours – a 1,515x return… Since then, the trader has been taking profits, selling a total of 17.88 million HYPER for 10,286 SOL ($2.21 million) and still holding 4.12 million HYPER ($1.03 million).

Hyper token rose to an all-time high of $0.26 at 12:30 p.m. UTC before falling to $0.19 at 2:15 p.m. Its market cap currently exceeds $198 million, according to data from Raydium.

Some traders make millions despite corrections Crypto Markets

Some crypto traders have been making millions even during the current crypto market crash, which saw Bitcoin

trading below the $100,000 mark since Dec. 19, data from Cointelegraph Markets Pro shows.

In late December, another trader made over $1.1 million in unrealized profits in two days on his 5x leveraged short position on Ether. Short selling involves borrowing the underlying cryptocurrency, selling it at the current price, and buying it back later at a lower price, allowing traders to profit from downward market trends.