A year-long arbitrage play just came to fruition. Trader 0x0eD9 executed a calculated rotation across multiple assets—first converting 599.7 ETH into roughly $2.21M USDC at an $3,687 entry point, then pivoting into 233,584 HYPE tokens at $9.47 per unit, which were subsequently staked to capture yield.
Fast forward to just hours ago: the position unwound completely. The entire HYPE stack liquidated at $5.78M USDC, marking a substantial intermediate gain. But the real move came next—buying back in at $3,133 per ETH, accumulating 1,844 ETH in a single transaction.
Final tally? A clean 1,245 ETH profit, translating to approximately $3.9M in value capture. The sequence reveals classic rotation mechanics: exploit relative pricing, farm alternative assets, rebalance at optimal market conditions, then redeploy capital at more favorable entry points. A textbook execution of multi-leg trading strategy across the crypto market cycle.
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A year-long arbitrage play just came to fruition. Trader 0x0eD9 executed a calculated rotation across multiple assets—first converting 599.7 ETH into roughly $2.21M USDC at an $3,687 entry point, then pivoting into 233,584 HYPE tokens at $9.47 per unit, which were subsequently staked to capture yield.
Fast forward to just hours ago: the position unwound completely. The entire HYPE stack liquidated at $5.78M USDC, marking a substantial intermediate gain. But the real move came next—buying back in at $3,133 per ETH, accumulating 1,844 ETH in a single transaction.
Final tally? A clean 1,245 ETH profit, translating to approximately $3.9M in value capture. The sequence reveals classic rotation mechanics: exploit relative pricing, farm alternative assets, rebalance at optimal market conditions, then redeploy capital at more favorable entry points. A textbook execution of multi-leg trading strategy across the crypto market cycle.