pvp.trade spent $8.68 million in commissions to buy HYPE, with current unrealized profits exceeding $15 million
BlockBeats reported on May 28 that, according to on-chain analyst Yu Jin's monitoring, the Hyperliquid TG trading bot and copy trading platform pvp.trade has accumulated approximately $8.68 million in income through trading fee commissions, making it one of the leading Builders in the Hyperliquid ecosystem.
After Hyperliquid issued its token, pvp.trade has continued to use its commission income to purchase HYPE. So far, it has used $8.68 million to acquire 421,000 HYPE tokens at an average cost of only $20.6. As HYPE has increased in price, the value of its holdings has now risen to around $24.34 million.
However, pvp.trade has redeemed 400,000 HYPE from staking yesterday, worth approximately $22.8 million, and it is not yet clear whether it plans to take profits at the current high.
The Builder Fees mechanism of Hyperliquid allocates a portion of the trading fees to products built by Builders when users trade using these products.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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