Trader turns $2K into $3.2M in 10 hours on Hyperfy token

A trader has made an astounding $3.2 million in profit despite the broader cryptocurrency market facing a downturn.

The trader started with an investment of $2,137 and turned it into $3.24 million in just 10 hours by trading the newly launched Hyperfy (CRYPTO:HYPER) token.

According to blockchain analytics platform Lookonchain, the trader achieved a return of more than 1,500 times their initial investment.

After this impressive gain, the trader started taking profits, selling 17.88 million HYPER tokens for 10,286 SOL, valued at $2.21 million, while holding onto 4.12 million HYPER, worth $1.03 million at the time of the report.

Hyperfy’s utility token, HYPER, was launched on Jan. 6, 2025, at 1:45 am UTC on the Raydium (CRYPTO:RAY) platform.

The token saw a significant rise, peaking at $0.26 at 12:30 pm UTC before dropping to $0.19 at 2:15 pm UTC.

Despite this fluctuation, its market capitalisation currently stands at over $198 million, as per Raydium data.

This remarkable profit is a rare example of success during a crypto market slump, which has been experiencing low liquidity following the holiday season.

Some traders, however, continue to thrive even in these conditions.

At the end of December 2024, one trader made over $1.1 million in unrealised profit from a 5x leveraged Ether short position.

Similarly, another trader turned a small investment of $27 into $52 million during a Pepe (CRYPTO:PEPE) memecoin rally, marking an over 1,600% return in 2024.

At the time of reporting, the Hyperfy (HYPER) price was $0.1578.