Amid a quiet crypto market with low liquidity during and after the Christmas season, one trader made headlines by turning $2,137 into $3.2 million in just 10 hours. The secret to this success lay in capitalizing on the newly launched HYPER token, which delivered a staggering 1,515x return on the initial investment.
According to analytics platform Lookonchain on January 6, the trader amassed 17.88 million HYPER tokens, strategically taking partial profits to secure 10,286 SOL (approximately $2.21 million) while retaining 4.12 million HYPER worth $1.03 million.
HYPER, the utility token of the gaming and metaverse platform Hyperfy, was officially launched at 1:45 AM UTC on January 6 on Raydium. The token quickly hit an all-time high of $0.26 by 12:30 PM, before correcting to $0.19 by 2:15 PM, pushing its market capitalization beyond $198 million.
Interestingly, despite Bitcoin’s persistent decline below $100,000 since December 19, 2024, some traders have achieved remarkable success. For instance, one trader realized a potential profit of $1.1 million in just two days by taking a 5x short position on Ether.
The memecoin wave has also spawned incredible success stories. On December 14, a trader turned $27 into $52 million during a price surge of Pepe (PEPE), the second-best performer in the top 100, with an annual growth of over 1,600% in 2024.
Related: Trader Earns $1.25 Million in 8 Minutes with BUZZ Tokens
More recently, Kekius, another memecoin, experienced explosive growth after billionaire Elon Musk changed X’s name and avatar to Kekius Maxius, leading to substantial profits for many investors.
