An address has been swing trading ETH and HYPE for the long term, earning a profit of approximately $3.9 million.
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BlockBeats News, January 13, according to monitoring by lookonchain, a year ago, trader 0x0eD9 sold 599.7 ETH at a price of $3,687 each, receiving 2.21 million USDC, and then bought 233,584 HYPE at $9.47 each and staked them.
Five hours ago, he unstaked and sold all his HYPE, receiving 5.78 million USDC, and then bought 1,844 ETH at a price of $3,133 each.
Final profit: 1,245 ETH (about $3.9 million).
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