This address still holds
$4.81M
perps + spot + vaults + staking; perps account $4.14M, 58 open positions
0x123dbca6a27005a3c4ce10cb66ee8ece8fc13bffView on Hyperliquid ↗ ·
Not offered yetMarket maker Mark-to-market cumulative profit $21.28M (perps + spot, since 2025-07-27), ranked #34 site-wide. All-time P&L on the exchange's own record (incl. spot, vaults, staking): $14.41M.
Those three numbers describe where he stands now. The curve below is a different thing — how much he made in the past. An address showing $21.28M of profit can be sitting on an empty account, and the P&L figure alone will never tell you.
Three definitions on one axis: green = our mark-to-market ledger (perps + spot) · red = the exchange's public "closed P&L" · grey dashed = exchange all-in (also includes vaults and staking). The shaded gap is what closed-P&L misses ($6.91M). The hatched band on the left is before our data starts (20250727); the exchange had him at $-1.56M by then — that is why our number differs from other sites.
The green line above is how much he made trading (rebuilt from on-chain fills; deposits and withdrawals are invisible there). This amber line is how much money is in his account (from the exchange API, deposits included). Wherever the two diverge, he put money in or took money out. So "made a lot but little left" and "made little but holds a lot" are both possible and neither is strange. Account equity covers perps, spot, vaults and staking.
Funding is 10.9% of gross. Fees are negative, so they are listed under the ring as a deduction rather than forced into the pie.
Within each bar: green = directional, amber = funding. Right of the line is profit, left is loss. Italic names are spot.
Axes are percentiles among all addresses — further out means more pronounced, not better.
All 6 axes are facts, not a score. The right chart is cumulative profit across all 7,432 profitable addresses (log scale); the line is him — everyone to the right made more.
One high and one low is the norm — either number alone misleads, so they are always shown as a pair.
Why copy trading is not open yet · Market maker
Only 8.3% of his volume takes liquidity; the rest is quoting both sides. He earns the market-making spread, not direction — copying his fills copies the outcome, not the strategy. Following him means quoting both sides too, which is a different system.
A round is one coin, from first entry until fully flat. The curve is that round's P&L in dollars at market prices.
Coins marked ↗ open the chart zoomed to that round. Unfold shows every fill: how he scaled in and how he got out.
| Coin | Side | From → to | Days | Fills | Peak % of equity | P&L | Unfold |
|---|---|---|---|---|---|---|---|
| TRUMP | Long | 2026-01-13 → 2026-11-07 | 299 | 29,621 | 22% | $-1.36M | — |
| ADA | Long | 2025-08-15 → 2026-11-07 | 450 | 33,673 | — | $-1.74M | — |
| AAVE | Short | 2025-10-17 → 2026-11-07 | 387 | 88,144 | 50% | $-1.10M | — |
| TAO | Short | 2025-10-20 → 2026-11-07 | 384 | 75,087 | 54% | $2.24M | — |
| ZEC | Short | 2025-10-12 → 2026-11-07 | 392 | 195,121 | 79% | $-9.89M | — |
| NEAR | Short | 2026-08-24 → 2026-11-07 | 76 | 42,122 | 72% | $-2.15M | — |
| WLD | Short | 2026-05-11 → 2026-11-02 | 176 | 49,599 | 57% | $1.11M | — |
| BTC | Long | 2025-09-15 → 2026-10-22 | 403 | 25,286 | 45% | $-819K | — |
| PENGU | Short | 2025-08-04 → 2026-10-08 | 431 | 40,062 | 22% | $2.53M | — |
| NEAR | Short | 2025-07-27 → 2026-07-10 | 349 | 49,588 | 23% | $818K | — |
| SUI | Long | 2025-07-27 → 2026-06-14 | 323 | 47,051 | — | $-1.07M | — |
| TON | Short | 2025-08-26 → 2026-06-12 | 291 | 43,243 | 11% | $1.16M | — |
| DOGE | Long | 2025-09-30 → 2026-05-14 | 227 | 72,765 | 106% | $-1.52M | — |
| WLD | Short | 2025-10-04 → 2026-05-04 | 213 | 30,299 | 10% | $1.19M | — |
| APT | Long | 2025-07-27 → 2026-05-01 | 279 | 20,407 | 23% | $-1.60M | — |
| LDO | Short | 2025-07-27 → 2026-04-12 | 260 | 34,066 | 33% | $974K | — |
| UNI | Short | 2025-07-27 → 2026-04-12 | 260 | 37,851 | 29% | $3.15M | — |
| XPL | Short | 2025-09-28 → 2026-04-02 | 187 | 32,570 | 26% | $3.04M | — |
| XRP | Short | 2025-11-24 → 2026-03-18 | 115 | 27,772 | 66% | $1.02M | — |
| ENA | Short | 2025-10-15 → 2026-02-03 | 112 | 65,640 | 113% | $3.85M | — |
| kPEPE | Long | 2025-10-16 → 2026-01-06 | 83 | 25,070 | 38% | $-1.14M | — |
| ETH | Long | 2025-07-27 → 2025-12-10 | 137 | 13,354 | 62% | $-1.94M | — |
| PUMP | Short | 2025-09-08 → 2025-10-10 | 33 | 30,503 | 39% | $1.48M | — |
| kBONK | Short | 2025-07-27 → 2025-10-10 | 76 | 25,348 | 69% | $4.48M | — |
| AVAX | Short | 2025-07-27 → 2025-10-10 | 76 | 70,888 | — | $5.43M | — |
| EIGEN | Short | 2025-09-18 → 2025-10-10 | 23 | 8,726 | 12% | $907K | — |
| ENA | Short | 2025-07-27 → 2025-10-10 | 76 | 114,706 | 174% | $7.16M | — |
| HYPE | Long | 2025-07-27 → 2025-10-10 | 76 | 76,943 | 85% | $-2.52M | — |
| FARTCOIN | Long | 2025-08-19 → 2025-10-10 | 53 | 19,560 | 14% | $-1.01M | — |
| LINK | Short | 2025-07-27 → 2025-10-10 | 76 | 63,155 | 75% | $1.64M | — |
Two rounds can both say "made $1M" and be nothing alike: one held steady the whole way, another sat 50% underwater before recovering, a third earned everything on the final day. The number hides that; the curve shows it. Curves are drawn only for rounds held 5 days or longer.
| Cumulative P&L (mark-to-market) | $21.28M |
| Max drawdown (mark-to-market) | $15.40M |
| Return (÷ true intraday peak exposure) | 19.5% |
| Profit vs his peak account equity | 117.4% |
| His peak account equity | $18.12M |
| Resilience (P&L ÷ drawdown) | 1.38 |
| Largest exposure held | $109.00M |
| Open-to-flat rounds | 340 |
| Spread across | 127 coins |
| Fills inside those rounds | 2,961,260 |
| Typical round length | 58.0 days |
| Same-day in-and-out share | 0.6% |
| Taker share | 8.3% |
| Fills per day | 6,870.5 |
| Days active | 469 |
0x5d2f4460ac3514ada79f5d9838916e508ab39bb7 · 0x082e843a431aef031264dc232693dd710aedca88 · 0xfc667adba8d4837586078f4fdcdc29804337ca06 · 0x7717a7a245d9f950e586822b8c9b46863ed7bd7e · 0xe86b057f5eb764c9738d6b0d38170befd0723664 · 0x56498e5f90c14060499b62b6f459b3e3fb9280c5
Where these numbers come from. Rebuilt from Hyperliquid's raw fill stream: each coin's position is cut into rounds from first entry to fully flat, then marked to the market price of every single day, plus funding, minus fees. Summing all 1.24M rounds reconciles to the daily mark-to-market P&L to 2.2e-16.