- An experienced trader has locked in over $2.5 million from a long position on Starknet opened three days ago.
- They have now moved into HYPE with a 10x long worth approximately $2.98 million.
- The Hyperliquid token may be positioning itself for an upside move.
Smart-money participants are booking gains despite the broader bearish sentiment that has Bitcoin hovering around $95,000.
One trader has drawn attention with a series of high-risk, leveraged bets.
According to on-chain tracker Lookonchain, this participant captured more than $2.5 million in profits after a timely long on Starknet (STRK) executed three days ago.
Most notably, the trader redirected capital into a new position, opening a 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 widespread market uncertainty, with many traders opting to sit on the sidelines and take a cautious approach.
Meanwhile, the latest trade has sparked optimism among HYPE holders, signaling confidence that the altcoin could rally in the near term.
A STRK long that hit its target
On-chain data show that three days ago the wallet opened a 5x long on 29.5 million Starknet tokens, a position valued at roughly $6.7 million at the time.
The trader entered as STRK began to form a short-term base.
STRK has recently drawn attention due to ecosystem upgrades, a growing staking market, and the broader market’s volatility.
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 amid sector-wide fear, the smart trader entered before the short-lived rally and rode a clean upward trend.
The position’s profit surpassed $2.5 million as Starknet extended its recovery, gaining roughly 30% over the past seven days.
STRK trades at $0.2104 after an 8% decline in the last 24 hours, a pullback driven by broader weakness and profit-taking following the recent spike.
Is HYPE set to bounce after the POPCAT controversy?
Hours after the STRK gains appeared in trackers, the trader opened a fresh position: a 10x long on 77,598 HYPE, worth about $2.98 million.
The timing drew attention.
Hyperliquid was one of the most watched DEXes last week after the POPCAT manipulation incident forced the platform to temporarily suspend withdrawals.
HYPE suffered a notable drop following the event, losing more than 10% of its value over the past week.
Because this wallet’s transactions have increasingly been treated as a sentiment indicator, many community members now believe HYPE could be poised for a rebound as debates around the exchange manipulation settle.
The nearly $2.98 million commitment to a 10x long highlights confidence in a short-term bullish outlook despite ongoing market headwinds.
HYPE has been relatively stable in the past 24 hours, down about 1.40% and trading near $38.41.
Technical indicators currently show neutral conditions as HYPE prepares for its next move.
The moving average convergence divergence (MACD) has remained relatively flat on the 1-hour chart, with the signal line close to the MACD line.
Additionally, the relative strength index (RSI) sits near 48, suggesting indecision among traders.
For now, market participants are watching to see whether this smart-money whale will become a reliable signal.
If past behavior is any guide, HYPE could be set for a short-term bounce.