Trader Nets $1.28 Million on Papertrade Exchange
A trader netted $1.28 million on the new 1,000x exchange Papertrade by moving Hyperliquid's ETH prices.
A trader netted $1.28 million on the new 1,000x leverage exchange Papertrade by moving Hyperliquid's Ethereum prices, according to TheBlock.
Position Liquidations
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The same wallet subsequently lost $450,000 when 30 short positions were liquidated on Saturday night after staying open for more than three hours.
Key facts
- A trader netted $1.28 million on the 1,000x exchange Papertrade.
- The profits were achieved by moving Hyperliquid's Ethereum prices.
- The same wallet later lost $450,000 following the liquidation of 30 short positions.
- Liquidations occurred on Saturday night after positions remained open for over three hours.
Source: theblock.co
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