A wallet tracked by TradingBeats, identified as 0xc1e7, returned to crypto derivatives trading after an 11-month gap and built a large VVV long position shortly before the token moved sharply higher. According to BlockBeats, the address had stopped trading XPL and HYPE contracts on Oct. 13 following last year’s “1011 crash” event and had not traded crypto perpetuals again until the night of Sept. 8.
At 21:38 on Sept. 8, the address deposited about 678,500 USDC. Just 2 minutes and 14 seconds later, it started going long VVV, with the first fill at $18.86. By 21:59, the wallet had accumulated roughly 78,700 VVV, equal to 86.52% of its final position. TradingBeats data cited by BlockBeats shows the address completed its build at 22:33, ending with 90,940 VVV at an average entry of $19.39 using 3x leverage.
VVV then accelerated higher. Between 22:00 and 23:00, the price rose from about $19.53 to a high of $24.56, a maximum hourly gain of about 25.7%. VVV later reached as high as $29.45 on Hyperliquid, up about 56.13% from the wallet’s first entry price. At one point, the unrealized profit reached about $914,000, with a return of 155.4%. As of publication, the address had not reduced its VVV holdings, with the open position valued at about $2.3634 million and unrealized profit at about $599,200.
A wallet tracked by TradingBeats, 0xc1e7, returned to crypto derivatives trading after an 11-month break and built a heavy long position in VVV before the token’s sharp move higher, according to BlockBeats on Sept. 9.
BlockBeats said the address had stopped trading XPL and HYPE contracts on Oct. 13 following last year’s “1011 crash” event. It did not trade crypto derivatives again until the night of Sept. 8, when it suddenly deposited fresh funds and chose VVV for a large long.
The wallet began buying 2 minutes and 14 seconds after depositing funds
At 21:38 on Sept. 8, the address deposited about 678,500 USDC. Just 2 minutes and 14 seconds later, it started going long VVV, with its first fill at $18.86.
By 21:59, the wallet had already built a long position of about 78,700 VVV, equal to 86.52% of its eventual size. VVV then accelerated upward. Between 22:00 and 23:00, the token moved from about $19.53 to a peak of $24.56, marking a maximum gain of about 25.7% within that hour.
Final position reached 90,940 VVV with 3x leverage
The address kept adding during the rise and finished building the position at 22:33. Its final holdings reached 90,940 VVV, using 3x leverage, with an average entry price of $19.39.
According to the monitored data cited by BlockBeats, VVV later touched a high of $29.45 on Hyperliquid today, up about 56.13% from the wallet’s first entry. At its peak, the position showed unrealized profit of about $914,000, with a return of 155.4%.
No reduction in position as of publication
As of publication, the address had not cut its VVV holdings. Its open position was valued at about $2.3634 million, with unrealized profit standing at about $599,200.
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