A relatively unknown crypto trader transformed $6,800 into $1.5 million in just two weeks by employing a sophisticated trading strategy that avoided traditional props like memecoins and ETF hype. Operating on the decentralized exchange Hyperliquid, the trader utilized high-frequency, delta-neutral tactics driven by maker fee rebates, managing to become a key liquidity source. By mid-2025, they achieved over $20.6 billion in trading volume with a strategy that maintained exposure under $100,000 and focused on perpetual futures. This high-risk strategy featured one-sided quoting to minimize inventory risk, intense automation for ultra-fast executions, and effective risk management to ensure exposure levels remained controlled. It highlighted the potential of modern cryptocurrency trading that leverages automation and infrastructure mastery, resulting in an astounding 220x return. However, this approach also bears risks, including infrastructure breakdowns and changing market conditions, making it a challenging model for retail traders to replicate.

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