Ethereum Trader Experiences Massive Gains and Losses: Risks of Leverage in DeFi Spotlight

A single Ethereum trader’s journey on the decentralized exchange Hyperliquid paints a stark picture of high-risk, high-reward trading strategies. From transforming $125,000 into over $43 million within four months, the trader faced almost complete annihilation in a final leveraged trade. This dramatic swing highlights the volatile nature of DeFi and the risks associated with leverage.