A trader that the onchain community has dubbed the “First Time Depositor” just booked one of the cleanest high-leverage wins we’ve seen in a while.

According to a spot by @OnchainLens, the wallet 0xa5b0…1d41 fully closed its 20× leveraged ETH long on Hyperliquid and walked away with $1.38M in realized profit.

The Hyperbot dashboard tells the story perfectly:

• Account equity: $7.344M (almost entirely withdrawable)
• Open position value: $0.27 (basically flat)
• 1-week realized PnL: +$1,379,184.57

The PnL chart shows a near-vertical green candle in the last few hours — classic “right place, right time” (or very good timing) on an ETH move, amplified 20×.

For anyone new to this:
Hyperliquid is the decentralized perpetuals exchange that runs on its own L1 and is currently the undisputed king for both blue-chip and meme-coin perps. Leverage goes up to 50× on many pairs (20× on ETH is still plenty spicy), fees are tiny, and the orderbook is fully on-chain, so trades actually settle instantly with no gas headaches.

High-leverage ETH trades like this one happen every day, but closing a 20× long for seven figures while leaving the account loaded with $7.3M+ is the kind of result that makes the timeline stop scrolling.

Whether this wallet is a veteran routing through a fresh address or genuinely someone who deposited once and immediately sent it, the result is the same: another reminder that Hyperliquid is where the real leveraged alpha is playing out right now — on majors and on the meme coin perps that routinely do 300-500% pumps in a single session.

You can track the address yourself here:
Hyperbot trader page

Congrats to the First Time Depositor (who probably won’t be withdrawing to fiat anytime soon). 🚀