Features Crypto News by Thebittimes.Com

As on-chain crypto exchange HyperLiquid gained popularity and its proprietary token HYPE reached all-time highs on Monday, misrepresentations about its traders’ profits spread across social media.  Crypto historian Smolting, known by his X handle InverseBrah, logged one particularly egregious example of a HyperLiquid trader — who had actually lost millions of dollars overall — climbing the wealth leaderboard. Unfortunately, HyperLiquid’s profit and loss (PnL) dashboards can be confusing. By the end of the day on Monday, for example, HyperLiquid’s leaderboard claimed that its most profitable trader made more than $400 million in profit in the past 30 days despite no trading volume during those 30 days . It’s the same story for the next three positions on the leaderboard: $200 million, $82 million, and $77 million in profit despite $0 trading volume. Only the fourth-ranked trader or lower had actually traded this month. A Binance wannabe spawning offshore ...

Blockchain tracking firm Lookonchain says a trader is reaping handsomely after making a bet on a social finance (SocialFi) crypto project built in the Solana (SOL) ecosystem. According to Lookonchain, a trader pseudonymously known as E4Rued has booked a profit of 34,500% on a stash of Launch Coin on Believe (LAUNCHCOIN) acquired less than a month ago. “28 days ago, E4Rued withdrew approximately $10,000 from Binance to buy LAUNCHCOIN before it surged. Then sold all LAUNCHCOIN for $3.46 million and deposited the funds back into Binance.” Source: Lookonchain/X Launchcoin is trading at $0.248 at time of writing, up by 71,164% from the April 22nd low of $0.000348. The blockchain tracking firm is also highlighting another trader who has recorded massive gains on the Solana-based SocialFi crypto project in a little over three weeks. “A trader made more than $4 million with only $8,191 in just 22 days — a 500x return! After more than four months of ...

There is no denying that 2025 has been a rough year for some of the top tech stocks on the market. While things have started to turn the corner, there are still resounding questions. One company facing potential uncertainty is Tesla (TSLA), as the company may be confronting an $8 billion crisis; can CEO Elon Musk overcome it? The EV manufacturer unveiled what was devastating earnings data amid a troublesome year. However, the sentiment out of that reveal has been resoundingly positive, with news that Musk would be taking a step back from his political obligations. However, there is one reality that could still hinder any growth for the rest of the year. Source: Queen City News Also Read: Tesla (TSLA): Why Expert Says Stock is Now Facing 40% Upside Elon Musk & Tesla Facing Massive Crisis That Could Derail 2025 Yet Things looked concerning in Tesla’s most recent earnings report. The company reported a 71% drop in net income. However, there was optimism when Musk announced that he wa...

Blockchain tracking firm Lookonchain says one savvy crypto trader gained a 2,433,233% profit on a Dogecoin (DOGE) and Shiba Inu (SHIB) rival. According to Lookonchain, one anonymous trader turned $3,000 into a whopping $73,000,000 in just 20 months by purchasing memecoin Pepe (PEPE). “Turning $3,000 into $73 million, a 24,656x return, what a legend! Before the market plummeted, PEPE broke through $0.000028, setting a new all-time high! This legendary trader sold another 100B PEPE ($2.8 million) for profit. This trader invested ~$3,000 to buy 4.91 trillion PEPE on April 15th, 2023. Over time, he steadily sold PEPE, cashing out 3.03 trillion PEPE for $27.5 million. He still holds 1.88 trillion PEPE ($45.66 million), bringing his total profit to an incredible $73 million!” PEPE is trading for $0.00002317 at time of writing, down 15.8% in the last 24 hours. Lookonchain also recently noticed another crypto trader who gained a massive 38,399x return on a n...

While it is no secret that the cryptocurrency market can provide some lucrative opportunities for a savvy investor, some traders are proving to be savvier than others, including one that has managed to profit a staggering $4.4 million in less than a month trading one particular meme coin. Specifically, this crypto whale has profited $4.36 million by trading Popcat (POPCAT) after spending 4.13 million USDC to buy 6.11 million POPCAT at the price of $0.68 three and a half weeks ago, according to the data shared by blockchain analytics platform Lookonchain in an X post on October 6. Indeed, the Solana (SOL) meme coin saw a significant increase in price since then and has recently broken through $1.40, making a new all-time high (ATH), which allowed this smart money to make a 106% return in less than a month, considering that their purchased POPCAT is now worth about $8.49 million. Picks for you ...

In the cryptocurrency market, smart traders are pseudonym addresses with a profitable record trading cryptocurrencies. Usually, other speculators follow these smart traders to collect insights and, sometimes, mirror strategies.  Recently, a meme coin boom dominated the crypto landscape in March, creating new profitable traders who made millions of dollars. In particular, the Solana (SOL) account ‘14c7f…3KwJn’ has profited over $1.3 million trading more than 350 meme coins. The smart trade r achieved this impressive result in a month-to-date (MTD) time frame, according to Lookonchain ’s post on X (Twitter). Picks for you AI builds the ideal crypto portfolio for 2024 2 hours ago Robert Kiyosaki blasts BTC skeptic Peter Schiff for knowing ‘a lot about a little’ 19 hours ago Finance legend Ray Dalio advises for 3 stages of life 20 hours ago Claude Opus AI predicts SHIB price for the end of 2024 20 hours ago Notably, the highest profit was acquired...

Bitcoin (BTC) is trading above $42,000 on December 5, accumulating more than 2% gains in the last 24 hours. This surge, partly fueled by anticipation of a potential spot Bitcoin ETF approval and the upcoming Bitcoin halving in 2024, is rewarding investors The leading cryptocurrency surge in 2023 rewards Bitcoin holders with an increased number of investors now ‘In The Money.’ Notably, Finbold retrieved data from IntoTheBlock, which shows that 88% of all Bitcoin holders are in unrealized profits. The ‘In The Money’ status is reached by crypto wallet addresses that received BTC at lower prices than the current mark. On the other hand, 1% of all Bitcoin holders acquired their coins at these prices, while 11% have unrealized losses. The data highlights a positive sentiment in the Bitcoin market, with a substantial majority of investors benefiting from the cryptocurrency’s price movement Interestingly, 69% of these investors are long-term Bitcoin holders , keeping these coins for ...

PnL refers to the financial gain or loss from buying and selling cryptocurrencies. To calculate it, use various method like the FIFO, LIFO, YTD, and more! Anyone who has dealt with Trading in traditional Finance is likely to be aware of profit and loss (PnL). But is PnL in the cryptocurrency world the same? The ability to comprehend terms like mark-to-market (MTM), realized PnL and unrealized PnL will help develop a better understanding of the cryptocurrency a person holds. Without a well-defined process to get insight into profit or loss, cryptocurrency trading may be overwhelming, and traders may struggle with what they are doing. PnL reflects the change in the value of a trader’s positions over a specific period. Understanding the basics of PnL PnL in crypto refers to the calculation of the profit or loss made on a cryptocurrency investment or trading position. It is a metric used to evaluate the financial performance of a trader or investor in the crypto market. To begin, here ar...