An address that had been out of trading for nearly a year has made an abnormal comeback, and front-running trading has fueled the VVV pump.
1 hours ago
According to TradingBeats address tracking, after last year’s "1011 Crash", address 0xc1e7 halted trading in XPL and HYPE derivatives on October 13, and did not trade crypto derivatives for the next 11 months—until last night, when it suddenly deposited funds, selected VVV, and built a large early position. At 21:38 on September 8, the address deposited roughly 678,500 USDC. Just 2 minutes and 14 seconds later, it opened a long position on VVV, with its first trade executed at $18.86. By 21:59, it had accumulated a long position of around 78,700 VVV tokens, representing 86.52% of its final position. VVV then rallied sharply, surging from approximately $19.53 to a high of $24.56 between 22:00 and 23:00, with a maximum hourly gain of roughly 25.7%. The address continued adding to its position during the rally, completing its full entry at 22:33, holding a total of 90,940 VVV tokens with 3x leverage, at an average entry price of $19.39. Today, VVV hit a peak of $29.45 on Hyperliquid, up about 56.13% from its first entry price. The address once posted an unrealized profit of roughly $914,000, for a return of 155.4%. As of press time, the address has not reduced its VVV holdings, with a current position size of approximately $2.3634 million and an unrealized profit of $599,200.
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