Hyperliquid Wallet Turns $28K Into Nearly $3M on Micron, Intel

A Hyperliquid trader using wallet 0xcf6 opened the account in early April with a $27,950 deposit and grew the balance to nearly $3 million by late May through concentrated 10x long positions on tokenized stock perpetuals for Micron and Intel. The account currently holds six open leveraged trades.

On-chain analytics and the Hyperliquid block explorer show the wallet moved into leveraged longs immediately after funding. Micron Technology and Intel were the first positions and remained the largest as the account expanded. The Micron 10x position shows an unrealized gain of about $1.96 million and the Intel 10x position about $1.01 million.

Current position data indicate the Micron 10x position is worth roughly $3.86 million and the Intel 10x position about $2.04 million. The account also holds a 10x long in Hyperliquid’s native token valued around $1.69 million, a 10x Meta long worth about $454,000, a 10x BlackBerry long near $198,000, and a 3x Venice Token long around $35,000. Reported unrealized profits show the Micron and Intel trades account for the bulk of the gains.

Tokenized stock perpetuals on Hyperliquid are designed to follow share prices but settle in USDC and do not grant shareholder rights. The products let traders take high-leverage directional bets on equity price moves without owning the underlying shares.

The account peaked above $3.1 million in late May and sits close to $3 million at present. Funding payments on the account have exceeded $90,000. Public commentary has noted survivorship bias in such on-chain success stories.

One user on X wrote, “Survivorship bias is undefeated. For every trader who turned $30K into $3M on AI stocks like Micron and Intel, there are hundreds who turned $30K into $3K trying the same thing.”

Similar concentrated, high-leverage runs have appeared on the platform before. Transaction-level data on public blockchains make those runs visible, while many traders using high leverage report losses over longer periods as funding costs and adverse price moves erode capital.