According to COINOTAG and monitoring by LookIntoChain, trader 0x044d expanded a Hyperliquid account from an initial $1.02 million to $26.07 million, recording a net profit exceeding $25 million based on on-chain activity.
Roughly three hours prior, the address closed a $17.68 million SOL short and a $35.45 million ETH short, realizing approximately $1.06 million in aggregated gains as positions were liquidated or covered.
Shortly thereafter the trader initiated a substantial directional bet, opening a long position of 6,590 ETH (around $28.9 million) with 20x leverage, markedly increasing market exposure and attendant margin and liquidation considerations.