Hyperliquid Trader Makes Huge Profit on INIT Token’s 30% Pumps
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Apr 25 2025Trader's Profit on INIT Token: A trader on Hyperliquid made a significant profit of over $654k after opening a long position on the newly launched INIT token, which surged more than 30% in value within 24 hours of its trading debut.
Concerns Over Insider Trading: The timing of the trader's position, just before the price increase, has raised suspicions of potential insider trading, with accusations suggesting that the trader may have connections to the Initia team.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
