Today we’re analyzing a fascinating wallet that’s been active on Hyperliquid since December 2024. What makes this trader interesting? They’ve made $118k in profits, regularly withdraw most of their balance, and continue trading aggressively with what’s left.
Performance Overview
- All-time PnL: $118,000
- 90-Day PnL: $55,000
- Current Balance: ~$10,000
- Trading Since: December 2024
- Win Rate: 45-50%
One of the first things that stands out is how well-distributed the profits are. Unlike many wallets that make all their money in a short timeframe, this trader has consistent performance across multiple months.
Trading Style Analysis
The Good ✅
Direct Hyperliquid Trading
No builder fees detected – this wallet trades directly on Hyperliquid, which means cleaner transaction history and no third-party platforms involved.
Low Drawdown
Despite aggressive position sizing, the wallet maintains relatively low drawdown, suggesting good risk management when trades go wrong.
Profit-Taking Discipline
The trader regularly withdraws profits – sometimes up to 80% of the account balance. This shows strong discipline and risk management.
Not a Bot
Hypurrscan analysis confirms this is human trading activity using limit orders, not automated bot trading.
The Risks ⚠️
Very Large Position Sizes
This is the biggest concern. The trader sometimes enters positions that are disproportionately large relative to the account balance. With only ~$10k in the account currently, these position sizes can be risky to mirror.
Moderate Win Rate
At 45-50%, this isn’t a high win rate strategy. The trader relies on big wins to offset multiple smaller losses. This style isn’t for everyone.
Heavy Withdrawals
While taking profits is good, withdrawing 80% of your balance and continuing to trade with the remainder is aggressive. If you’re copy trading and they withdraw funds, your mirror ratio could be significantly affected.
Recent ZEC Focus
The wallet has been very active on ZEC lately. Concentrated exposure to a single asset increases risk.
Trading Activity Breakdown
Platform: Hyperliquid (Direct)
TWAP Usage: None
Builder Fees: None
Deposit/Withdrawal Activity: Frequent withdrawals
Preferred Assets: Various coins, recently focused on ZEC
Trade Execution: Limit orders
Should You Copy Trade This Wallet?
This wallet presents an interesting case study. The profit track record is solid, and the risk management through withdrawals shows discipline. However, the aggressive position sizing combined with a low current balance makes this a higher-risk follow.
Our Recommendation:
If you decide to copy this wallet:
- ⚠️ Use scaling BELOW 100% – We recommend 50-70% scaling maximum
- 📊 Monitor the perp balance closely – it’s only ~$10k
- 💰 Be prepared for the trader to withdraw funds suddenly
- 🎯 Understand you’re following a moderate win rate strategy that relies on big wins
Best suited for:
- Experienced copy traders
- Those comfortable with aggressive position sizing
- Traders with higher risk tolerance
- Users who actively monitor their copy trades
Not recommended for:
- Conservative traders
- Beginners to copy trading
- Those seeking high win rate strategies
- Set-and-forget copy trading approach
Key Takeaways
- Profit consistency matters – $118k spread over multiple months is better than a single lucky trade
- Position sizing is crucial – Even profitable traders can be risky if they size positions aggressively
- Account balance context – A $10k balance with $118k historical profits tells a story about withdrawal habits
- Win rate isn’t everything – 45-50% can be profitable with proper risk/reward management
How to Track This Wallet
Want to follow this wallet’s performance? You can:
- View detailed analytics on Dextrabot
- Set up copy trading (use reduced scaling!)
- Monitor via our Telegram bot for real-time updates
Disclaimer: This analysis is for educational purposes only. Past performance does not guarantee future results. Copy trading involves significant risk, including the potential loss of your entire investment. Always do your own research and never invest more than you can afford to lose.
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