0xd51b…0d9e · Hyperliquid address profile

0xd51b48fa7b9c4e408aa42eb7ad0b87ce73110d9eView on Hyperliquid ↗

Not offered yetMarket makerQuiet for 28 days Mark-to-market cumulative profit $901K, ranked #660 site-wide.

Three things to check before following him

This address still holds
$195
perps + spot + vaults + staking; perps account $0, no open positions
Ever liquidated
Yes
5 times · $1,091 notional
Time since last trade
28 days
last fill 2026-08-25

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 $901K 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$1.18M$1.29M

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 ($-107K). The hatched band on the left is before our data starts (20250728); the exchange had him at $282K by then — that is why our number differs from other sites.

His account equity

Equity at start
$441K
2025-07-28
Equity now
$159
2026-08-25
All-time high
$1.99M
now 0% of peak
P&L over the same span
$901K
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
$901K
Max drawdown
$1.33M
Profit vs equity
45.2%
vs his peak equity of $1.99M
Active
267 days

Where the money comes from

99.0%1.0%$901Knetminus fees−$3,162 (0.35%)
BNB-$549KSOL$412KEIGEN$385KAVAX$317KFARTCOIN$189KZEC-$155KETH$117KSPX$112K

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

Funding is 1.0% 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

Size92Resilience20Maker97Funding56Consistency58Spread83axes = percentile among all (further out = more pronounced, not better)
#660top 8.4%0.52% 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

6.1
Out of every 10 positions, how many ended up green
1.27×
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 1.6% 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

SOL Short$412K
2025-08-16 → 2025-10-10 · 29 days · 3,879 fills · peak $1.32M (113% of equity) ·
EIGEN Short$385K
2025-09-30 → 2025-11-06 · 32 days · 6,020 fills · peak $658K (57% of equity) ·
AVAX Short$317K
2025-09-24 → 2025-10-10 · 17 days · 2,035 fills · peak $762K (65% of equity) ·

3 worst rounds

BNB Short$-549K
2025-08-15 → 2025-10-10 · 57 days · 8,182 fills · peak $2.89M (248% of equity) ·
ZEC Short$-155K
2025-11-03 → 2025-11-26 · 24 days · 4,586 fills · peak $803K (57% of equity) ·
BERA Short$-107K
2025-08-08 → 2025-10-02 · 56 days · 4,822 fills · peak $501K (47% of equity) ·

All rounds (42 rounds in total; the 30 largest by P&L are listed)

CoinSideFrom → toDaysFillsPeak % of equityP&LUnfold
XMRShort2026-05-13 → 2026-05-271527646%$4,538
xyz:EWYShort2026-04-08 → 2026-04-302362144%$-15K
xyz:PLATINUMLong2026-02-06 → 2026-04-16701,651123%$-1,175
xyz:SILVERLong2026-02-27 → 2026-04-15483,161421%$24K
xyz:COPPERLong2026-03-13 → 2026-04-092849122%$-1,372
xyz:EWYLong2026-03-17 → 2026-04-07221,171102%$5,130
xyz:SILVERLong2025-12-29 → 2026-02-22562,731181%$38K
LITShort2025-12-30 → 2026-01-16188636%$21K
ZECShort2025-11-03 → 2025-11-26244,58657%$-155K
ETHFIShort2025-07-28 → 2025-11-19109~7,18841%$66K
EIGENShort2025-09-30 → 2025-11-0632~6,02057%$385K
IPShort2025-08-23 → 2025-10-2739~3,68013%$-56K
SOLShort2025-08-16 → 2025-10-1029~3,879113%$412K
ATOMShort2025-08-20 → 2025-10-10525898%$14K
ETHShort2025-08-15 → 2025-10-10572,41773%$117K
BNBShort2025-08-15 → 2025-10-10578,182248%$-549K
IOShort2025-08-20 → 2025-10-10521,75320%$27K
AVAXShort2025-09-24 → 2025-10-10172,03565%$317K
LTCShort2025-09-18 → 2025-10-02151,40017%$4,707
BERAShort2025-08-08 → 2025-10-02564,82247%$-107K
BIOShort2025-08-25 → 2025-09-30371,81617%$6,758
SEIShort2025-08-17 → 2025-09-05202,43248%$27K
SYRUPShort2025-08-14 → 2025-08-27141,40024%$17K
SPXShort2025-08-11 → 2025-08-27171,97940%$112K
CRVShort2025-08-14 → 2025-08-251260817%$17K
ENAShort2025-08-13 → 2025-08-2197109%$13K
ZORAShort2025-07-28 → 2025-08-20244836%$-1,781
FARTCOINShort2025-07-28 → 2025-08-20241,76299%$189K
PUMPShort2025-08-11 → 2025-08-18882034%$-30K
WIFShort2025-08-11 → 2025-08-111337$-2,225

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)$901K
Max drawdown (mark-to-market)$1.33M
Return (÷ true intraday peak exposure)13.2%
Profit vs his peak account equity45.2%
His peak account equity$1.99M
Resilience (P&L ÷ drawdown)0.68
Largest exposure held$6.84M
Open-to-flat rounds46
Spread across38 coins
Fills inside those rounds70,975
Typical round length24.0 days
Same-day in-and-out share8.7%
Taker share1.6%
Fills per day586.5
Days active267

Similar addresses

0x082e843a431aef031264dc232693dd710aedca88 · 0x5d2f4460ac3514ada79f5d9838916e508ab39bb7 · 0x7717a7a245d9f950e586822b8c9b46863ed7bd7e · 0xe86b057f5eb764c9738d6b0d38170befd0723664 · 0x123dbca6a27005a3c4ce10cb66ee8ece8fc13bff · 0x4e23288cee4960f9f962195c22948e4bc7ae20c3

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.