Crypto trader makes $1 million in less than a day
A newly created cryptocurrency wallet generated more than $1 million in unrealized profits in under 24 hours by taking a leveraged long position on Starknet’s native token, $STRK.
The anonymous trader opened the position on October 10 on the Hyperliquid perpetual futures exchange. Using 3x isolated leverage, the wallet bought 24.42 million $STRK tokens with a notional value of approximately $2.9 million.
As $STRK’s price climbed, the position’s unrealized profit reached about $1.05 million, lifting its overall value to roughly $4 million. The entry price was near $0.076, while the token later traded between $0.11 and $0.12, according to on-chain data retrieved from Lookonchain on October 11.
$STRK led the broader cryptocurrency market over the weekend, gaining more than 50% in 24 hours and roughly doubling over the preceding week.
The token briefly exceeded $0.12 before settling near $0.11, outperforming Bitcoin (BTC) and Ethereum (ETH), which remained relatively flat. By press time, the asset was valued at $0.11, up almost 30% in the past day, while on the weekly timeline $STRK has gained over 110%.
$STRK one-week price chart. Source: Coinmarketcap
Trading volumes surged into the hundreds of millions of dollars, while derivatives open interest rose more than 50% as leveraged traders piled in.
#STRKRisesAbout20%In24Hours
A newly created cryptocurrency wallet generated more than $1 million in unrealized profits in under 24 hours by taking a leveraged long position on Starknet’s native token, $STRK.
The anonymous trader opened the position on October 10 on the Hyperliquid perpetual futures exchange. Using 3x isolated leverage, the wallet bought 24.42 million $STRK tokens with a notional value of approximately $2.9 million.
As $STRK’s price climbed, the position’s unrealized profit reached about $1.05 million, lifting its overall value to roughly $4 million. The entry price was near $0.076, while the token later traded between $0.11 and $0.12, according to on-chain data retrieved from Lookonchain on October 11.
$STRK led the broader cryptocurrency market over the weekend, gaining more than 50% in 24 hours and roughly doubling over the preceding week.
The token briefly exceeded $0.12 before settling near $0.11, outperforming Bitcoin (BTC) and Ethereum (ETH), which remained relatively flat. By press time, the asset was valued at $0.11, up almost 30% in the past day, while on the weekly timeline $STRK has gained over 110%.
$STRK one-week price chart. Source: Coinmarketcap
Trading volumes surged into the hundreds of millions of dollars, while derivatives open interest rose more than 50% as leveraged traders piled in.
#STRKRisesAbout20%In24Hours