This remarkable feat took place with Hyperfy (HYPER), a newly launched metaverse token. Blockchain analytics platform Lookonchain shared the details of the trade in a post on Jan. 6 via X:

“Turned $2,137 into $3.24M in just 10 hours—a 1,515x return! The trader has since been taking profits, selling a total of 17.88M HYPER for 10,286 SOL ($2.21M) and still holding 4.12M HYPER ($1.03M).“

The Rapid Rise of Hyper Token

Hyper was launched on Raydium at 1:45 am UTC on Jan. 6 as a utility token for the metaverse and gaming industry.

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• The Hyper Token quickly surged to an all-time high of $0.26 before dropping to $0.19.
• According to Raydium data, its market capitalization has now surpassed $198 million.

Major Gains in the Crypto Market

Despite overall market corrections, some traders have been reaping massive rewards.

• At the end of December, another trader made $1.1 million in just two days by shorting Ethereum (ETH) with 5x leverage.
• On Dec. 14, another trader turned a $27 investment into $52 million during the Pepe (PEPE) memecoin rally.

PEPE delivered over 1,600% returns in 2024, making it the second-best performing cryptocurrency of the year.

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