PANews reported on March 14 that according to monitoring by Ember (@EmberCN), a high-leverage trader once again successfully arbitrage on the Hyperliquid platform. He recharged 4.03 million USDC to Hyperliquid as margin at 4 a.m. and went long on 50,000 ETH (about 93 million U.S. dollars) at 1,856 U.S. dollars with 25x leverage.

Subsequently, the trader closed the position at an average price of $1,880 at around 7 a.m., making a profit of $1.18 million. It is worth noting that the trader would convert the withdrawn USDC into ETH after each profit, and would only convert ETH back to USDC when leveraged trading was needed again.