The myth of the 100% win rate giant whale has come to an end. Let's see how Hyperliquid's leveraged whale is draining itself firsthand.

An anonymous whale, who had achieved a 100% win rate by winning fourteen consecutive trades on Hyperliquid, was forced to liquidate his positions. His account, which had peaked at over $25.34 million in profit, has now fallen to a net loss of $30.02 million, leaving only about $1.4 million in margin remaining.

(Background recap: The myth of the “100% win rate whale” was shattered after losing $18 million—his previous 12 profitable trades were all wiped out, and his total account assets are now showing an unrealized loss of $8 million.)

This whale, who had been celebrated for his perfect streak, was forced to close out his positions on November 5. Starting from a peak profit of over $25.34 million, his account plummeted to a net loss of $30.02 million, with only roughly $140,000 in margin left. The 21-day trading cycle began on October 14 with precise short-selling and counter-trend long positions, reaching the peak of his profit curve on October 28. However, within just a week, due to concentrated leverage, market pullbacks, and aggressive position additions against the trend, all his profits and principal evaporated by this morning.

Source: Hyperbot

From Accumulation to Peak
On October 14, 2025, the anonymous whale began his streak of 14 consecutive profitable trades on Hyperliquid, using the address: 0xc2a30212a8ddac9e123944d6e29faddce994e5f2. He bought 5,255 ETH, and the next day, sold all of it for 22 million USDC, shorting Bitcoin with approximately 5x leverage.
In just one night, he closed the position on October 16 at 8 a.m., earning $2.6 million. This was his first profit in the streak and the cleanest trade of the cycle.

Over the following week, he skillfully switched directions amid market volatility. On the morning of October 17, he flipped to long positions, adding twice, expanding his position to $222 million.
Before the market dipped on October 22, he closed about $300 million worth of long positions, netting a profit of $6.04 million. This move was dubbed “the quick-reacting bro” in social media and cemented his myth of a 100% win rate.

From October 24 to 28, he was at his peak. He added to his BTC and ETH positions in multiple batches, maintaining leverage below 8x, increasing his total position from $274 million to $447 million.
On Hyperbot’s profit/loss curve, this was the only fully green upward segment—at 6:12 a.m. on October 28, his account showed an unrealized profit of nearly $25.35 million. This was the last time his curve showed a single-sided upward trend.

From Taking Profits to Obsession
Starting October 29, the whale began closing profitable positions, while holding onto losing ones.
In the early hours, during a market dip, he closed $268 million worth of BTC longs, realizing only $1.4 million in profit. Later that afternoon, he closed $163 million worth of ETH longs, netting $1.63 million. Only his SOL position remained, which was trapped.

Two days later, he increased his SOL holdings to a total of $105 million at an average cost of $198.3.
On October 30, after Fed Chair Jerome Powell’s speech triggered a brief market decline, he attempted to buy the dip on BTC and ETH and expanded his SOL position. By that evening, all three positions were underwater, with an unrealized loss of $9.73 million.

In the early hours of October 31, his unrealized losses exceeded $18 million. As the market rebounded, his unrealized loss narrowed, and he tried to hold on to break even. By 8 a.m. on November 3, his unrealized loss was down to $1.98 million—just one step away from recovery—but he did not reduce his positions.
Three hours later, the market turned downward again, and his four long positions, previously undefeated, all slipped into unrealized losses once more.

He was just one step away from a full recovery but hesitated, handing control back to the market.

From Stop-Loss to Self-Destruction
In the early hours of November 4, his perfect streak officially ended. He cut losses and closed all his long positions—BTC, ETH, and SOL—worth $258 million, realizing a loss of $15.65 million. This loss was nearly equal to the $15.83 million profit he had earned over the previous 20 days during his 14-win streak.
At that moment, he still held $148 million worth of ETH, SOL, and HYPE long positions, with an unrealized loss of $18.86 million, just 8% above liquidation.

Market continued to decline that day. His account balance had dropped by $40.4 million from its peak, bringing him back to roughly his starting point. As the liquidation price approached rapidly, any rational trader would have stopped, but he increased his positions at ETH $3,497 and SOL $159, adding 2,196 ETH and 78,724 SOL.
The liquidation prices further lowered to ETH $3,348 and SOL $151.6. ETH was just $130 above liquidation, and SOL only $8.

On November 5, everything was over. Around 5 a.m., he was forced to close all remaining positions, leaving only $140,000 in margin—effectively near total liquidation.
This 21-day trading saga ended with a complete wipeout. The $15.83 million profit from his 14 consecutive wins, combined with his initial $28.76 million principal, totaling $44.67 million, was all erased in a single night.

Leverage and Human Nature
Hyperliquid’s trading records show that nearly every legend ends in a similar way:

• James Wynn once held a $1.2 billion BTC long with 20x leverage, peaking at $87 million profit before losing $21.77 million.
• Qwatio used $300,000 to infinitely roll his positions, earning up to $26 million before ending at zero.
• Veteran trader AguilaTrades started with $300,000, reaching a maximum profit of $41.7 million, but ultimately lost $37.6 million.

This anonymous whale, famous for “14 wins in a row,” turned $44.67 million into nothing overnight.

Winning streaks can be driven by skill and luck, but survival always depends on restraint. When everyone is mesmerized by the upward curve, the outcome is often written beneath the leverage.

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This article was originally published on BlockTempo, a leading blockchain news media outlet.