0x6540…f7b7 · Hyperliquid address profile

0x654016a8c9fcf0c4cb7ed6078aba21f7f399f7b7View on Hyperliquid ↗

Not offered yetHigh frequency Mark-to-market cumulative profit $4.15M, ranked #204 site-wide.

Three things to check before following him

This address still holds
$4.74M
perps + spot + vaults + staking; perps account $4.68M, 13 open positions
Ever liquidated
No
No liquidation on record in this window
Time since last trade
Traded today
last fill 2026-09-22

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 $4.15M 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

$4.15M$2.92M

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 ($1.23M). The hatched band on the left is before our data starts (20260217); the exchange had him at $0 by then — that is why our number differs from other sites.

His account equity

Equity at start
$974K
2026-02-18
Equity now
$4.68M
2026-09-22
All-time high
$4.68M
now 100% of peak
P&L over the same span
$4.15M
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
$4.15M
Max drawdown
$1.90M
Profit vs equity
87.4%
vs his peak equity of $4.74M
Active
218 days

Where the money comes from

$4.15Mnetminus fees−$102K (2.24%)
HYPE$2.11MVVV$602KBTC$593KNEAR$472KLINK$138KVIRTUAL-$124KETH$112KAERO$109K

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

Funding is -7.0% 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

Size97Resilience62Maker34Funding21Consistency7Spread91axes = percentile among all (further out = more pronounced, not better)
#204top 2.6%2.40% 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

4.5
Out of every 10 positions, how many ended up green
8.25×
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 · High frequency
1,508 fills per day. Mirroring this account needs order placement at his speed and fees low enough not to eat the thin per-trade margin. That is an execution-layer problem, and we have not wired it into copy trading yet.

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

HYPE Long$2.11M
2026-02-22 → 2026-09-22 · 213 days · 30,570 fills · peak $2.37M (138% of equity) ·
VVV Long$602K
2026-04-06 → 2026-09-22 · 145 days · 27,874 fills · peak $878K (38% of equity) ·
BTC Long$481K
2026-05-18 → 2026-09-22 · 128 days · 10,271 fills · peak $5.85M (250% of equity) ·

3 worst rounds

VIRTUAL Long$-124K
2026-05-10 → 2026-05-20 · 11 days · 3,480 fills · peak $662K (50% of equity) ·
WLD Long$-88K
2026-02-19 → 2026-04-17 · 53 days · 7,608 fills · peak $1.12M (66% of equity) ·
TAO Long$-74K
2026-05-10 → 2026-05-20 · 11 days · 2,027 fills · peak $553K (41% of equity) ·

All rounds (69 rounds in total; the 30 largest by P&L are listed)

CoinSideFrom → toDaysFillsPeak % of equityP&LUnfold
COMPLong2026-09-11 → 2026-09-22121,1083%$32K
ZROLong2026-08-25 → 2026-09-22294,40713%$105K
ENALong2026-02-21 → 2026-09-2285~7,56812%$98K
VVVLong2026-04-06 → 2026-09-22145~27,87438%$602K
AEROLong2026-02-21 → 2026-09-2277~28,57619%$109K
LINKLong2026-02-17 → 2026-09-2221848,670115%$138K
SKYLong2026-02-25 → 2026-09-2287~11,62518%$57K
AAVELong2026-02-17 → 2026-09-2221827,478112%$27K
NEARLong2026-07-31 → 2026-09-225410,33414%$472K
BTCLong2026-05-18 → 2026-09-2212810,271250%$481K
HYPELong2026-02-22 → 2026-09-2221330,570138%$2.11M
ONDOLong2026-02-21 → 2026-09-1671~6,64720%$-70K
JUPLong2026-03-08 → 2026-07-2757~12,52434%$72K
TAOLong2026-05-10 → 2026-05-20112,02741%$-74K
ASTERLong2026-03-18 → 2026-05-2054~7,34945%$-50K
VIRTUALLong2026-05-10 → 2026-05-20113,48050%$-124K
BTCLong2026-04-02 → 2026-05-1017~1,354110%$79K
ZECLong2026-04-16 → 2026-05-0819~1,21620%$111K
ETHLong2026-03-14 → 2026-04-2728~2,16150%$88K
CCLong2026-02-27 → 2026-04-2753~8,08919%$-48K
WLDLong2026-02-19 → 2026-04-1753~7,60866%$-88K
TAOShort2026-04-10 → 2026-04-12393413%$-15K
MONShort2026-04-02 → 2026-04-0983998%$-27K
ARBShort2026-04-02 → 2026-04-0983457%$-13K
TAOLong2026-03-13 → 2026-04-09283,71140%$152K
FARTCOINLong2026-04-07 → 2026-04-0823003%$18K
BTCLong2026-02-17 → 2026-03-2813~1,335217%$29K
RESOLVLong2026-02-27 → 2026-03-1819~2,50814%$-20K
STBLLong2026-02-27 → 2026-02-2826229%$-16K
ETHLong2026-02-17 → 2026-02-278~85030%$32K

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)$4.15M
Max drawdown (mark-to-market)$1.90M
Return (÷ true intraday peak exposure)38.9%
Profit vs his peak account equity87.4%
His peak account equity$4.74M
Resilience (P&L ÷ drawdown)2.18
Largest exposure held$10.65M
Open-to-flat rounds92
Spread across62 coins
Fills inside those rounds327,205
Typical round length8.0 days
Same-day in-and-out share25.0%
Taker share92.3%
Fills per day1,507.9
Days active218

Similar addresses

0x5b5d51203a0f9079f8aeb098a6523a13f298c060 · 0x2ea18c23f72a4b6172c55b411823cdc5335923f4 · 0x35d1151ef1aab579cbb3109e69fa82f94ff5acb1 · 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41 · 0x418aa6bf98a2b2bc93779f810330d88cde488888 · 0x15a4f009bb324a3fb9e36137136b201e3fe0dfdb

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.