Ether trader nearly wiped out after epic run from $125K to $43M
After making nearly $7 million in four months, this trader lost almost all his gains in two days, illustrating the unpredictability of the crypto markets.
A cryptocurrency trader who recently increased their account from $125,000 to more than $43 million was almost liquidated on Wednesday for $6.2 million after Ether briefly fell near the $4,000 level.
The liquidation took place on the decentralized exchange Hyperliquid as Ether (ETH) dipped close to $4,000 amid a broader market correction, highlighting the volatility that can catch even seasoned traders off guard.
It came two days after the trader had turned an initial investment of $125,000 into more than $43 million at its peak, before locking in nearly $7 million worth of profit on Monday, Cointelegraph reported.
