A trader made over 7x profit in one week by "adding to winning positions" and going long on PEPE

BlockBeats News, January 4th, according to monitoring by Lookonchain, a trader (0x419f) managed to increase their account net value from $58,700 to the current $489,900 within just one week by going long on PEPE, achieving a return rate as high as 734%.

Seven days ago, the trader deposited 58,700 USDC into Hyperliquid and went long on kPEPE with 10x leverage. As PEPE rose, the trader continuously rolled profits into increasing their position, with the highest position reaching 221.96 million kPEPE (approximately $1.52 million).