- A skilled trader locked in over $2.5 million in profit from a long Starknet position opened three days ago.
- He has rotated into HYPE with a 10x long position valued at roughly $2.98 million.
- The Hyperliquid token may be poised for an upside move.
Smart-money participants are enjoying gains despite broader bearish sentiment that has Bitcoin hovering around $95,000.
One trader has attracted attention for making large, leveraged bets.
On-chain tracking by Lookonchain shows the trader secured more than $2.5 million in profit from a well-timed long on Starknet (STRK) executed three days ago.
Notably, the same trader shifted focus into a new position and opened a significantly leveraged 10x long on Hyperliquid’s HYPE token.
Smart trader 0xbbc0 opened a 5x long on 29.5M $STRK($6.7M) 3 days ago and is now sitting on over $2.5M in profit.
4 hours ago, he also opened a 10x long on 77,598 $HYPE($2.98M).https://t.co/pQAjmsQNjH pic.twitter.com/WQYjrNeJGL
— Lookonchain (@lookonchain) November 17, 2025
These consecutive moves come amid market uncertainty, when many traders are choosing patience and caution.
At the same time, the recent HYPE trade has boosted optimism among HYPE holders, signaling confidence that the altcoin could rally in the near term.
STRK long that hit the mark
On-chain data shows the wallet opened a 5x long on 29.5 million Starknet tokens—about $6.7 million in value—three days ago.
The trader entered as STRK started building a short-term base.
The token has been under scrutiny lately due to ecosystem upgrades, a thriving staking market, and broader market-related uncertainty.
900M STRK are now staked on Starknet.
That’s ~20% of the circulating supply, and a 100% increase in staked STRK since last quarter.
Acceleration. pic.twitter.com/3thNY1Hk2x
— Starknet (BTCFi arc) 🥷 (@Starknet) November 14, 2025
While many hesitated as fear weighed on the crypto sector, the trader got in before a short-term upswing and rode the upward momentum.
The profit exceeded $2.5 million as Starknet continued to recover, rising roughly 30% over the past seven days.
STRK currently trades at $0.2104 after pulling back 8% in the last 24 hours amid broader weakness and some profit-taking following the recent run.
Is HYPE recovering after the POPCAT incident?
Hours after the STRK profits were visible on-chain, the trader opened a new position: a 10x long on 77,598 HYPE—about $3 million in notional value.
The timing drew notice.
Hyperliquid has been under the spotlight this past week after the POPCAT manipulation episode, which prompted the platform to temporarily suspend withdrawals.
HYPE suffered a notable dip after the incident, losing more than 10% of its value during the past week.
With the wallet’s transaction becoming something of a sentiment indicator, enthusiasts believe HYPE could be ready to rebound as manipulation concerns settle.
Committing nearly $2.98 million to a 10x contract underscores conviction in a short-term bullish outlook despite broader market struggles.
HYPE remained relatively steady over the last 24 hours, declining just 1.40% to $38.41.
Technical indicators show a neutral stance as HYPE waits for its next move.
The moving average convergence divergence stayed relatively flat versus the signal line on the 1-hour chart.
Meanwhile, the relative strength index at 48 points to indecision.
For now, market participants are watching to see if this smart whale becomes a reliable signal.
If history is any guide, HYPE may be positioned for a near-term advance.