A savvy trader, known by the address 0x880, has generated over $8.3 million in profits trading perpetual contracts on the decentralized exchange Hyperliquid. The trader’s success stems from $5.3 million in profits from derivatives trading and an additional $3 million earned through funding fees. The trader’s strategy includes shorting popular tokens such as $SOL, $ETH, $BTC, $LINK, $XRP, $WIF, and $LTC, while taking long positions on $DOGE and $SUI. This diverse approach has proven highly effective in capturing market opportunities. In the past 24 hours, 0x880 bridged an additional 3.7 million $USDC to Hyperliquid, signaling intentions to continue trading perpetual
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