PANews reported on March 14 that according to Ember (@EmberCN), a high-leverage trader has successfully arbitraged on the Hyperliquid platform again. At 4 AM, he deposited 4.03 million USDC as margin on Hyperliquid and went long on 50,000 ETH (about $93 million) with 25x leverage at $1,856.
Later, the trader closed the position around 7 AM at an average price of $1,880, making a profit of $1.18 million. It is worth noting that after each profitable trade, the trader converts the withdrawn USDC back to ETH, only exchanging it to USDC when needed for the next leveraged trade.
