0xeadc152ac1014ace57c6b353f89adf5faffe9d55
Open ZEC long dominates this wallet: $4,996,300 notional, $258,729 +54.6% unrealised, 10x cross. Closed trades are supporting context: $607,549 realised trading PnL across 10 closed position cycles, using the latest 10,000 public fills from Apr 25, 2026 to Jul 2, 2026; older public fills may exist outside this audit.
Closed trades still matter, but they are not the main account story here. The closed-trade sample covers Apr 25, 2026 to Jul 2, 2026; the open-position figures are live account-state figures from Hyperliquid when the audit ran. The unrealised PnL is still open, not a locked result, so the final outcome is unknown.
This audit is position-dominated, so open unrealised PnL is shown separately from closed realised trading PnL. The dollar PnL is the realised result from closed trades in the data covered. The percentage uses an inferred starting value (current account value $11,123,951 minus closed trading PnL $607,549 = starting estimate $10,516,402). This audit does not ingest a deposit or withdrawal ledger, so it can show that trades lost money, but it cannot prove whether the owner also moved funds in or out. Older fills may also exist outside the latest 10,000-fill window.
This is not a fixed last-week or last-month period. It is the actual span covered by the latest 10,000 public fills Hyperliquid exposed for this wallet. Because the public fill source hit its cap, older trades may exist but are not included here.
Open ZEC long dominates this wallet: $4,996,300 notional, $258,728.59 unrealised, 54.61% unrealised ROE, 10x cross margin. This is still open exposure; the unrealised PnL is not locked in, and the final outcome remains unknown until the position closes. The account is profitable in the data covered—$607,549 realised after fees across 10 closed trades—but that closed result is dwarfed by $7.96 million in aggregate unrealised losses across 14 open positions, primarily in SOL, AVAX, LTC, and DOGE. Only the most recent public fills are visible, so this audit covers the data covered rather than full account history.
The account opened on 25 April 2026 and has been active for 67 days in the data covered. The closed-trade record is clean: 8 wins and 2 losses from 10 episodes, generating $988,098 in gross realised PnL before fees. Fees consumed $4,240, leaving $607,549 net. The profit factor is 2.78—each dollar lost was offset by $2.78 in wins. However, this closed performance is now overwhelmed by the open book.
The account's highest balance in this window was $29.06 million on 6 May 2026. The lowest balance in this window was $9.09 million on 1 July 2026. The deepest decline in this window was 68.71%, a severe contraction that maps directly to the accumulation of underwater leveraged longs. Current balance stands at $11.12 million, still above the lowest balance in this window but well below the highest balance in this window.
The closed-trade edge came primarily from short-side execution. ETH short (opened 5 May, closed 18 May) returned $501,755 on an 8.3 million notional position held 311 hours. MON short (28 April, 1.52 hours) returned $133,024. ICP long (11 May, 0.38 hours) returned $126,278. TON long (6 May to 15 June, 959 hours) returned $119,458 despite a 37% adverse excursion. The two losses were PAXG long ($341,869 loss on 1.05-hour hold, 6 June) and xyz:CL short ($62 loss on a 1,534-hour hold, closed 2 July). The PAXG trade appears to be a flash liquidation or execution error; entry price is null and the position notional was $1.85 million for a 1-hour hold.
Long versus short reveals the structural problem: shorts generated $634,717 (66.67% win rate across 3 episodes), while longs generated a $27,168 loss (85.71% win rate across 7 episodes). The long-side wins were small and quick; the losses are large and still open.
Win rate is 80% across closed trades. Profit factor is 2.78. Expectancy is $60,755 per closed episode. Win/loss ratio is 0.69, meaning the average win ($118,685) is 0.69x the average loss ($170,966). This is a profitable closed sample, but the ratio shows losses are outsized when they occur. Fees represented 0.43% of gross closed PnL, negligible drag on the closed book. Maker rebates account for 98.86% of fills, indicating passive liquidity provision.
The closed metrics do not predict the open outcome. The account is currently long-biased across five major positions with no stops in place. Funding costs since opening these positions total $156,786 (SOL, AVAX, LTC, DOGE, SUI combined). The unrealised losses are real capital bleed.
ETH short, 5 May to 18 May 2026. Opened at 2274.74, closed at 2178.43. Held 311 hours. Notional highest balance in this window $8.3 million. Realised $501,755. Structural stop set at ATR(14, 1h), 0.89% above entry. This was the account's largest single win and the only trade that generated material profit on a multi-day hold. The stop was tight and respected.
PAXG long, 6 June 2026. Opened and closed same day, 1.05 hours. Exit price 4291.8. Notional $1.85 million. Loss $341,869. Entry price is null, suggesting a market order or liquidation fill. This is the largest single loss and consumed 56% of the closed-trade profit. No structural stop is recorded. The speed and size suggest forced execution or a liquidation cascade.
xyz:CL short, 29 April to 2 July 2026. Opened at 107.04, closed at 68.13. Held 1,534 hours (64 days). Notional highest balance in this window $5.35 million. Loss $62.49. Structural stop set at ATR(14, 1h), 1.7% above entry. Despite a 36.3% move in the intended direction (MFE 17.17%), the trade closed for a near-zero loss. The long hold duration and tight stop suggest the position was held through noise and eventually exited on a minor adverse tick.
Under a 1% stop-loss rule applied historically, the account would have generated $5.12 million in simulated PnL with a maximum simulated decline of 3.14%. Under a 2% rule, $10.24 million with a 4.66% decline. Under a 4% rule, $20.48 million with a 6.15% decline. Two episodes stopped early under all three rules, indicating the PAXG and xyz:CL trades would have been capped. The simulator is gross of fees. These are historical counterfactuals, not forecasts.
ZEC long dominates: $4.996 million notional, 10,000 coins at mark 499.63, entry 473.76, 10x cross margin. Unrealised gain of $258,729 (54.61% ROE). No stop in place. This is the only underwater position that is profitable.
SOL long: $2.34 million notional, 30,000 coins, 10x cross, entry 78.53, mark 78.08. Unrealised loss $13,462 (−5.71% ROE). No stop.
AVAX long: $2.03 million notional, 300,953 coins, 10x cross, entry 8.89, mark 6.76. Unrealised loss $641,174 (−239.75% ROE). Funding since open $71,954. No stop.
LTC long: $1.36 million notional, 30,429 coins, 10x cross, entry 55.26, mark 44.70. Unrealised loss $321,202 (−191.02% ROE). Funding since open $34,841. No stop.
DOGE long: $1.22 million notional, 16.4 million coins, 10x cross, entry 0.0869, mark 0.0741. Unrealised loss $209,843 (−147.26% ROE). Funding since open $11,639. No stop.
SUI long: $1.56 million notional, 2.11 million coins, 10x cross, entry 0.8136
No matching position cycles in the data covered.
No matching position cycles in the data covered.
No matching position cycles in the data covered.
No matching position cycles in the data covered.
Expectancy is not a forecast. It is the historical average result per closed position cycle in this reconstructed sample.
Replays the same closed position cycles with 1%, 2%, and 4% account-risk sizing. It shows what the wallet would have made or lost if each eligible cycle was sized from account value at entry and a structural stop.
The 1%, 2%, and 4% rules are account-risk limits per position cycle, not leverage settings. If the simulated stop is breached, the cycle is stopped early. Outputs are gross of fees and funding, so use them as risk-shape comparisons rather than exact alternate realised trading PnL.