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From $5,000 to $130,000: The mysterious wallet's trading miracle on Lighter
[Crypto World] A wallet operation has recently attracted attention. About two months ago (October 24), it deposited 5,000 USDC into the Lighter platform. And then? Relying solely on ETH trades, the assets surprisingly grew to around $133,000—meaning a 26.6x return, an increase of over 2560%.
Even more astonishing is the performance in the past week. This address accounted for 59% of the ETHUSD market order volume on Lighter, totaling as much as $1.72 billion. Although the number of trades is relatively fewer, it still accounts for about 9% of the total order count, approximately 115,000 trades. Data comes from Lighter’s API and blockchain explorers.
An interesting detail is that this account incurs zero transaction fees when trading, and aside from the initial $5,000, no other fund inflows have been detected. How exactly is this achieved? Some might think it’s wash trading. However, from a technical perspective, this profit is achieved through an order-matching algorithm trading strategy, which does not count as wash trading. Wash trading is characterized by trading with oneself, which is clearly not the case here. Considering the initial capital scale, the performance of this operation is indeed worth paying attention to.
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Zero fees with $1.7 billion in trading volume. Who is this, so impressive?
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26x return... I don't believe it unless it's insider trading or some kind of trick.
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Such aggressive orders on Lighter, could it really be a big account's test account?
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Damn, this profit. I can't earn this in a year, only in a week.
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No capital inflow, yet from $5k to $130k. Is this data manipulation or truly exploiting arbitrage?
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ETH's one-sided trading so fierce? Is the position never balanced or what?
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Zero fees—this detail seems a bit suspicious. Is this the treatment officially provided by Lighter?
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The shock is real, but this kind of operation's replication probability is probably close to zero.
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Zero fees and still able to trade 1.7 billion? Is this an insider or a bug?
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Wait, is this data real? Seems a bit unbelievable
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Another story of sudden wealth, time to wake up everyone
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Bro, this operation looks like playing a game to me, the authenticity is questionable
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26x return rate? If not bragging, this guy should have retired already
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Just want to know how the fees became zero, that's the real core