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- A savvy trader locks in over $2.5M on a Starknet long position opened three days ago.
- He has rotated to $HYPE with a 10x long worth roughly $2.98M.
- Hyperliquid’s token could be poised for an upward move.
Smart money participants are celebrating profits despite the current broader bearish sentiments, which underpins Bitcoin around $95,000.
One trader is grabbing attention with his high-stakes leveraged bets.
According to on-chain tracker Lookonchain, the player has secured over $2.5 million in returns after a well-timed long on Starknet ($STRK), executed three days ago.
Most interestingly, he has redirected attention to a new position, going long on Hyperliquid’s $HYPE with a substantially higher leverage of 10x.
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 back-to-back moves are coming as uncertainty engulfs the financial landscape, with most traders opting for wait-and-watch and caution.
Meanwhile, the latest trade has fueled optimism among $HYPE holders, as it indicates confidence in the altcoin’s potential rally in the near term.
An $STRK long that hit its target
Blockchain data shows the wallet opened a 5x long on 29.5M Starknet tokens, a position worth roughly $6.7 million, three days ago.
The player entered just as $STRK began creating a short-term base.
The digital token has remained on the watchers’ radar lately due to ecosystem upgrades, a thriving staking marketplace, and uncertainty linked to overall market downsides.
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 crippled the cryptocurrency sector, the smart trader joined before the short-lived rally started, riding a clean uptrend.
His profit surpassed $2.5 million as Starknet extends its recovery, now up 30% the past seven days.
$STRK is trading at $0.2104 after losing 8% the past 24 hours amid broader weakness and profit-taking after the latest surge.
$HYPE set to rebound after $POPCAT scandal?
Hours after the $STRK returns emerged in trackers, the trader entered a new position – a long on 77,598 $HYPE, worth approximately $3 million, with a significantly higher 10x leverage.
The timing drew attention.
Hyperliquid has been among the most-watched DEXs the past week, following $POPCAT’s manipulation, which saw the platform temporarily halt withdrawals.
$HYPE endured substantial bearishness following the event, losing more than 10% of its value in the past week.
With the wallet’s transaction becoming some sort of sentiment indicator, enthusiasts trust $HYPE is poised for a rebound as the exchange’s manipulation debates settle.
Committing almost $2.98 million to a 10x long underscores the conviction of short-term uptrends amidst broader market struggles.
$HYPE remained relatively stable the past 24 hours, losing only 1.40% to trade at $38.41.
Technical indicators display neutral conditions as $HYPE eyes the next move.
The Moving Average Convergence Divergence remained relatively flat with the signal line on the 1-hour chart.
Also, the Relative Strength Index at 48 suggests indecisiveness.
For now, market players are watching to see whether the smart whale turns into a reliable signal.
If his history rhymes, $HYPE could be poised for a near-term rebound.