Trader's ETH and HYPE Swing Trade Nets Nearly $3.9 Million

According to blockchain monitoring platform lookonchain, professional trader 0x0eD9 executed a classic swing trade exactly one year ago.

This address sold 599.7 ETH at $3,687 per unit for $2.21 million in USDC, then used the proceeds to purchase 233,584 HYPE tokens at $9.47 each before staking them.

New chain data shows the address completed unstaking operations five hours ago and liquidated its HYPE holdings, successfully converting them into $5.78 million in USDC. This was immediately followed by repurchasing 1,844 ETH at $3,133 per unit to complete asset rebalancing.

Trade Analysis

This swing trade demonstrates professional trading logic:

• Precise timing to cash out ETH at peak prices
• Effective use of HYPE tokens for asset transition
• Successful realization of 1,245 ETH ($3.9 million) in profits

This case provides a classic example of long-term swing trading in crypto assets, with the complete operation cycle lasting exactly one year and demonstrating the patience and execution capabilities of mature traders.