0x38c0…065c · Hyperliquid address profile

0x38c01e5e7bd6c819b793e78806ff797a2caa065cView on Hyperliquid ↗

Not offered yetMarket makerQuiet for 76 days Mark-to-market cumulative profit $62K, ranked #4265 site-wide.

Three things to check before following him

This address still holds
$0
This address holds nothing on Hyperliquid
Ever liquidated
No
No liquidation on record in this window
Time since last trade
76 days
last fill 2026-07-08

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 $62K of profit can be sitting on an empty account, and the P&L figure alone will never tell you.

Mark-to-market cumulative P&L

our ledger starts here$76K$101K

Three definitions on one axis: green = our mark-to-market ledger · red = the exchange's public "closed P&L" · grey dashed = exchange all-in. The shaded gap is what closed-P&L misses ($-26K). The hatched band on the left is before our data starts (20250727); the exchange had him at $14K by then — that is why our number differs from other sites.

His account equity

Equity at start
$27K
2025-07-27
Equity now
$0
2026-07-08
All-time high
$78K
P&L over the same span
$62K
from trading, deposits excluded

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.
⚠️ Equity is sampled weekly for anything older than a month (near-daily only recently); this line connects those points rather than measuring every day. ⚠️ It covers perps + spot + vaults + staking, not just the perps account.

Cumulative P&L
$62K
Max drawdown
$8,778
Profit vs equity
79.5%
vs his peak equity of $78K
Active
231 days

Where the money comes from

99.7%0.3%$62Knetminus fees−$26K (29.58%)
WLD$36KNEAR$28KkPEPE-$1,836xyz:SP500-$407xyz:XYZ10-$78

Within each bar: green = directional, amber = funding.

Funding is 0.3% of gross. Fees are negative, so they are listed under the ring as a deduction rather than forced into the pie.

What kind of trader

Size46Resilience95Maker86Funding53Consistency9Spread25axes = percentile among all (further out = more pronounced, not better)
#4265top 54.1%0.04% of #1

All 6 axes are facts, not a score: percentiles among all addresses. Further out means more pronounced, not better.

How he makes it

5.4
Out of every 10 positions, how many ended up green
1.96×
Average win vs average loss

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 24.1% 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.

Every round he traded

A round is one stretch of exposure in a single coin, from first entry until fully flat. Adding to or trimming a position does not start a new round; flipping long to short counts as two. So a single round can contain thousands of fills — both numbers are shown side by side so the pair reads consistently.
⚠️ "Days" counts days actually holding a position, which can be shorter than the span between the two dates. If he goes flat and later re-enters the same side, day-level segmentation cannot see the gap and treats it as one round (about 32% of rounds are like this). Rows where the span and the held days disagree carry a ~ after the day count; hover it for the exact gap. The curve is cumulative P&L in dollars at market prices for that round, not equity and not a percentage return: deposits and withdrawals are invisible on-chain, so no percentage can be computed. Same-day round trips are excluded here. Coin names carrying ↗ are clickable — they open that coin's candlestick chart with this wallet selected and the view zoomed to that exact round, so you can see where each add and trim landed. (Only for coins that have a chart page, and only when this wallet is on that page.)
The last column Unfold 🔒 is subscriber content: it lays out every single fill of that round in order, so you can see whether he sized in at once or scaled in, and whether he exited decisively or dragged it out. Available only for rounds that pass the filter (held 1–30 days, large enough P&L, flat at both ends). Free for 7 days when you connect a wallet — no payment needed.

3 most profitable rounds

NEAR Short$3,978
2025-11-18 → 2025-11-25 · 8 days · 7,025 fills · peak $17K (23% of equity) ·
NEAR Short$3,819
2025-09-20 → 2025-09-29 · 10 days · 12,410 fills · peak $20K ·
WLD Short$2,998
2025-09-10 → 2025-09-17 · 8 days · 31,170 fills · peak $17K (42% of equity) ·

3 worst rounds

WLD Short$-1,665
2025-08-14 → 2025-08-19 · 6 days · 7,502 fills · peak $1,552 (5% of equity) ·
WLD Short$-1,647
2025-12-16 → 2025-12-26 · 11 days · 6,059 fills · peak $6,611 ·
WLD Short$-1,011
2025-12-05 → 2025-12-14 · 10 days · 6,191 fills · peak $17K (39% of equity) ·

All rounds (81 rounds in total; the 30 largest by P&L are listed)

CoinSideFrom → toDaysFillsPeak % of equityP&LUnfold
xyz:XYZ100Short2026-06-25 → 2026-06-2738819%$542
WLDShort2026-01-09 → 2026-01-1131,17011%$-593
WLDShort2026-01-04 → 2026-01-0742,60557%$-590
NEARShort2026-01-03 → 2026-01-0752,81324%$-643
NEARShort2025-12-26 → 2025-12-2728342%$-640
WLDShort2025-12-16 → 2025-12-26116,059$-1,647
WLDShort2025-12-05 → 2025-12-14106,19139%$-1,011
WLDShort2025-12-02 → 2025-12-0321,3269%$-1,356
NEARShort2025-11-27 → 2025-11-3041,80811%$518
WLDShort2025-11-24 → 2025-11-2852,615$-572
NEARShort2025-11-18 → 2025-11-2587,02523%$3,978
WLDShort2025-11-16 → 2025-11-2164,74016%$741
NEARShort2025-11-10 → 2025-11-1564,0527%$2,399
WLDShort2025-11-09 → 2025-11-1021,1911%$1,439
NEARShort2025-11-05 → 2025-11-07314,10112%$10K
WLDShort2025-10-27 → 2025-11-0387,29035%$947
NEARShort2025-10-17 → 2025-10-2043,27423%$1,104
NEARShort2025-10-09 → 2025-10-1023,87521%$6,489
WLDShort2025-09-27 → 2025-10-06107,36532%$-769
NEARShort2025-10-03 → 2025-10-0643,998$1,078
NEARShort2025-09-20 → 2025-09-291012,410$3,819
WLDShort2025-09-10 → 2025-09-17831,17042%$2,998
WLDShort2025-09-03 → 2025-09-0756,80225%$-566
WLDShort2025-08-26 → 2025-08-3055,53162%$923
kPEPEShort2025-08-25 → 2025-08-2735,3924%$675
kPEPEShort2025-08-22 → 2025-08-2323,92217%$510
WLDShort2025-08-14 → 2025-08-1967,5025%$-1,665
kPEPELong2025-08-15 → 2025-08-1621,6800%$511
kPEPEShort2025-08-08 → 2025-08-0922,7438%$491
WLDShort2025-07-27 → 2025-07-3044,350$885

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 — shorter ones have too few points to be honest. This is what already happened, not a forecast.

Every number

Cumulative P&L (mark-to-market)$62K
Max drawdown (mark-to-market)$8,778
Return (÷ true intraday peak exposure)45.3%
Profit vs his peak account equity79.5%
His peak account equity$78K
Resilience (P&L ÷ drawdown)7.08
Largest exposure held$137K
Open-to-flat rounds308
Spread across5 coins
Fills inside those rounds522,376
Typical round length3.0 days
Same-day in-and-out share73.7%
Taker share24.1%
Fills per day2,281.1
Days active231

Similar addresses

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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.

What this page is not. It describes how he made money in the past. It is not a claim that following him will make you money. We have never tested whether addresses near the top of this board do better next month — no evidence, no claim.