From $5,000 to $130,000: The mysterious wallet's trading miracle on Lighter

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[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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