A trader went long on ETH through a rolling contract and made $296 million from $125,000 in 4 months.

BlockBeats News, August 17th, according to LookIntoChain monitoring, a trader managed to turn $125,000 into $29.6 million in just 4 months by longing ETH, achieving a return of 236x.

Four months ago, he deposited $125,000 into Hyperliquid and started longing ETH through 2 accounts. He then cleverly compounded his profits, reinvesting every dollar of gain into his ETH long position, thus building a massive 66,749 ETH position (worth $303 million).

The total equity of his 2 accounts has now grown from $125,000 to $29.6 million.