A savvy trader has achieved an impressive profit of over $3.2 million from an initial investment of $2,137 by trading the newly launched Hyperfy (HYPER) token, despite a prevailing slump in the broader crypto markets. According to blockchain analytics platform Lookonchain, the trader realized a 1,515-fold return in just 10 hours. They have since sold 17.88 million HYPER tokens for 10,286 SOL (approximately $2.21M) while retaining 4.12 million HYPER tokens valued at around $1.03 million. Launched on Raydium, the Hyper token reached an all-time high of $0.26 before falling to $0.19, with its market capitalization exceeding $198 million. The article also notes that other traders have found success amidst the crypto downturn, with some capitalizing on short positions or memecoins like PEPE, showcasing the volatility and opportunistic nature of the current market.

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