Smart wallets hit a new record with a 3x position on ETH - Profit of over $19 million in just one month

ResearchChadButBroke · 2026-01-13T10:20:31+00:00

On December 21, a smart wallet made headlines by taking a 3x leverage position of $89 million on Ethereum via Hyperliquid, following a previous $19 million profit a month prior. This strategy highlights high risk for potentially high rewards, emphasizing short-term trading over long-term holding.

ResearchChadButBroke

2026-01-13 10:20:31

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On December 21st, a smart wallet made a notable move: opening a 3x (3x leverage) position on Ethereum with a scale of $89 million through the Hyperliquid platform. This is not the first time this wallet has “played big” — just a month prior, it made $19 million profit from previous trades.

The 3x leverage on an asset as large as Ethereum demonstrates a very high-risk, high-reward strategy. With each 1% price movement in the right direction, the wallet can earn 3% — but if the market moves against it, losses can also be tripled. Choosing Hyperliquid (a derivatives platform) instead of spot trading clearly indicates an intention: not long-term holding, but short-term trading with high focus.

The journey from $19 million profit last month to the current $89 million position shows that a fund or a group of traders truly has a plan. They don’t just bet once — they patiently seek profits, accumulate capital, and then go all-in. This is the mindset of professional players, who are not afraid of risks as long as the opportunities are substantial.

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