PANews reported on January 4th that, according to Lookonchain monitoring, trader 0x419f turned $58,700 into $489,900 in just one week by going long on PEPE, achieving a return of 734%.

Seven days ago, he deposited $58,700 into Hyperliquid and opened a long position in PEPE with 10x leverage. As PEPE rose, he continuously rolled over profits into the position, increasing it to 221.96 million kPEPE (worth $1.52 million). His account equity has now grown from $58,700 to $489,900.