[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"wp-translations":3,"blog-categories-en":8,"fetchPost-news\u002Fdeposit-shocked-crypto-twitter-x-en-1":41},{"post":4,"docs":7},[5,6],"EN","RU",[5,6],[9,18,26,34],{"id":10,"graphqlId":11,"name":12,"slug":13,"image":14,"uri":15,"count":16,"children":17,"locale":5},1,"dGVybTox","News","news",null,"\u002Fcategory\u002Fnews\u002F",42,[],{"id":19,"graphqlId":20,"name":21,"slug":22,"image":14,"uri":23,"count":24,"children":25,"locale":5},47,"dGVybTo0Nw==","Reveal the Differences","reveal-the-differences","\u002Fcategory\u002Freveal-the-differences\u002F",12,[],{"id":27,"graphqlId":28,"name":29,"slug":30,"image":14,"uri":31,"count":32,"children":33,"locale":5},39,"dGVybTozOQ==","Swap Guides","swap-guides","\u002Fcategory\u002Fswap-guides\u002F",24,[],{"id":35,"graphqlId":36,"name":37,"slug":38,"image":14,"uri":39,"count":27,"children":40,"locale":5},43,"dGVybTo0Mw==","Trading Guides","trading-guides","\u002Fcategory\u002Ftrading-guides\u002F",[],{"type":42,"post":43},"post",{"id":44,"title":45,"slug":46,"uri":47,"date":48,"excerpt":49,"content":50,"postId":51,"language":52,"translations":56,"categories":63,"tags":67,"featuredImage":69,"author":74,"seo":82},"cG9zdDo4NTc=","A Story of How $6,800 Deposit Shocked Crypto Twitter (X)","deposit-shocked-crypto-twitter-x","\u002Fnews\u002Fdeposit-shocked-crypto-twitter-x\u002F","2025-08-07T13:07:41","\u003Cp>A wallet beginning 0x6f90…336a has become the talk of Crypto Twitter after on-chain analysts showed the account exploding from US$6,800 in February 2024 to US$1.5 million in realised profit by late June 2025. The feat was first reported by Cointelegraph’s Explained desk and quickly corroborated by on-chain data trackers.  The Playbook: High-Frequency Market-Making on Hyperliquid … \u003Ca class=\"link-more\" href=\"https:\u002F\u002Fgodbex.io\u002Fnews\u002Fdeposit-shocked-crypto-twitter-x\u002F\"> Читать далее\u003C\u002Fa>\u003C\u002Fp>\n","\u003Cp>\u003Cspan style=\"font-weight: 400;\">A wallet beginning \u003C\u002Fspan>\u003Cb>0x6f90…336a\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> has become the talk of \u003C\u002Fspan>\u003Ci>\u003Cspan style=\"font-weight: 400;\">Crypto Twitter\u003C\u002Fspan>\u003C\u002Fi>\u003Cspan style=\"font-weight: 400;\"> after on-chain analysts showed the account exploding from \u003C\u002Fspan>\u003Cb>US$6,800\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> in February 2024 to \u003C\u002Fspan>\u003Cb>US$1.5 million\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> in realised profit by late June 2025. The feat was first reported by Cointelegraph’s \u003C\u002Fspan>\u003Ci>\u003Cspan style=\"font-weight: 400;\">Explained\u003C\u002Fspan>\u003C\u002Fi>\u003Cspan style=\"font-weight: 400;\"> desk and quickly corroborated by on-chain data trackers. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cspan style=\"font-weight: 400;\">The Playbook: High-Frequency Market-Making on Hyperliquid\u003C\u002Fspan>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">Unlike meme-coin moonshots or 100× perpetual-futures punts, this trader ran a \u003C\u002Fspan>\u003Cb>delta-neutral, high-frequency market-making bot\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> on the permissionless derivatives exchange \u003C\u002Fspan>\u003Cb>Hyperliquid\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">. Key attributes:\u003C\u002Fspan>\u003C\u002Fp>\n\u003Ctable>\n\u003Ctbody>\n\u003Ctr>\n\u003Ctd>\u003Cb>Tactic\u003C\u002Fb>\u003C\u002Ftd>\n\u003Ctd>\u003Cb>Detail\u003C\u002Fb>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd>\u003Cb>One-sided quoting\u003C\u002Fb>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan style=\"font-weight: 400;\">Bot posted only bids \u003C\u002Fspan>\u003Ci>\u003Cspan style=\"font-weight: 400;\">or\u003C\u002Fspan>\u003C\u002Fi>\u003Cspan style=\"font-weight: 400;\"> asks, never both, minimising inventory swings. \u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd>\u003Cb>Maker-rebate harvesting\u003C\u002Fb>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan style=\"font-weight: 400;\">Hyperliquid pays up to \u003C\u002Fspan>\u003Cb>-0.003 %\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> per filled maker order — roughly US$0.03 per US$1,000 of volume.\u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd>\u003Cb>Colocated, low-latency infrastructure\u003C\u002Fb>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan style=\"font-weight: 400;\">Hundreds of order-book updates per second let the bot “sit” at the top of the book, racking up fills. \u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003Ctr>\n\u003Ctd>\u003Cb>Volume at scale\u003C\u002Fb>\u003C\u002Ftd>\n\u003Ctd>\u003Cspan style=\"font-weight: 400;\">~US$1.4 billion in notional volume in just 14 days and > US$20 billion overall, representing >3 % of Hyperliquid’s maker flow. \u003C\u002Fspan>\u003C\u002Ftd>\n\u003C\u002Ftr>\n\u003C\u002Ftbody>\n\u003C\u002Ftable>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">The math is simple but eye-opening:\u003C\u002Fspan>\u003Cspan style=\"font-weight: 400;\">\u003Cbr \u002F>\n\u003C\u002Fspan>\u003Cspan style=\"font-weight: 400;\">US$1.4 B × 0.003 % rebate ≈ US$420,000\u003C\u002Fspan>\u003Cspan style=\"font-weight: 400;\"> — and that’s before compounding gains or broader fee-tier discounts.\u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cspan style=\"font-weight: 400;\">Why Maker Rebates Are the New Alpha\u003C\u002Fspan>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">Maker rebates flip the usual fee model on its head: instead of \u003C\u002Fspan>\u003Ci>\u003Cspan style=\"font-weight: 400;\">paying\u003C\u002Fspan>\u003C\u002Fi>\u003Cspan style=\"font-weight: 400;\"> to trade, liquidity providers \u003C\u002Fspan>\u003Ci>\u003Cspan style=\"font-weight: 400;\">earn\u003C\u002Fspan>\u003C\u002Fi>\u003Cspan style=\"font-weight: 400;\"> a tiny rebate every time their resting limit order is filled. On venues like Hyperliquid, rebates are high enough to become a core profit engine — provided you can pump astronomical volume safely. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">“It’s the same game high-frequency desks play on Wall Street, just ported on-chain,” notes quant researcher Michael Shahid at BeInCrypto, who tracked the wallet’s performance. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cspan style=\"font-weight: 400;\">Risk Management: Low Drawdowns, High Complexity\u003C\u002Fspan>\u003C\u002Fh2>\n\u003Cul>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Delta kept < US$100 K\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> at all times, shielding the trader from big directional moves. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Max drawdown:\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> just \u003C\u002Fspan>\u003Cb>6.48 %\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\">, unusually low for crypto’s roller-coaster markets. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Biggest vulnerability:\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> infrastructure outages. Lose the latency edge and the “free money” turns into adverse selection risk.\u003C\u002Fspan>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Ch2>\u003Cspan style=\"font-weight: 400;\">Industry Reactions\u003C\u002Fspan>\u003C\u002Fh2>\n\u003Cul>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Liquidity win:\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> More maker flow deepens order books, reducing slippage for everyone.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Barrier to entry:\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> You need custom code, colocated servers and constant monitoring — not something a casual trader can replicate overnight.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Regulatory watch:\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> As automated strategies migrate to on-chain venues, questions arise over market-manipulation standards and KYC requirements for high-frequency bots.\u003C\u002Fspan>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Ch2>\u003Cspan style=\"font-weight: 400;\">What It Means for Aspiring Algo Traders\u003C\u002Fspan>\u003C\u002Fh2>\n\u003Col>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Focus on microstructure, not macro predictions.\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> Liquidity provision can out-perform guessing price direction.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Automation is king.\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> Manual click-trading can’t compete with millisecond-level quoting logic.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Risk first, returns second.\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> The standout stat here isn’t the 220× multiple; it’s the sub-7 % drawdown.\u003C\u002Fspan>\u003C\u002Fli>\n\u003C\u002Fol>\n\u003Ch2>\u003Cspan style=\"font-weight: 400;\">Bottom Line\u003C\u002Fspan>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">This wallet’s 220× run underscores a bigger trend: \u003C\u002Fspan>\u003Ci>\u003Cspan style=\"font-weight: 400;\">crypto market-making\u003C\u002Fspan>\u003C\u002Fi>\u003Cspan style=\"font-weight: 400;\"> and \u003C\u002Fspan>\u003Ci>\u003Cspan style=\"font-weight: 400;\">maker-rebate arbitrage\u003C\u002Fspan>\u003C\u002Fi>\u003Cspan style=\"font-weight: 400;\"> are emerging as some of the most scalable, capital-efficient plays in digital-asset trading. But the same razor-thin spreads that mint overnight millionaires can bankrupt ill-prepared imitators just as quickly.\u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch3>Follow us:\u003C\u002Fh3>\n\u003Cp>\u003Ca class=\"invalid-url\" href=\"http:\u002F\u002Fgodbex.io\u002F\" data-validation-message=\"Missing or incorrect post type prefix. Expected one of: blog, docs, roadmap, faq\">\u003Cspan style=\"font-weight: 400;\">Godbex.io\u003C\u002Fspan>\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>\u003Ca href=\"https:\u002F\u002Fx.com\u002Fgodbex_io\">\u003Cspan style=\"font-weight: 400;\">Twitter\u002FX\u003C\u002Fspan>\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>\u003Ca href=\"http:\u002F\u002Ft.me\u002Fgodbex_io\">\u003Cspan style=\"font-weight: 400;\">Telegram\u003C\u002Fspan>\u003C\u002Fa>\u003C\u002Fp>\n",857,{"code":5,"locale":53,"name":54,"slug":55},"en_GB","English","en",[57],{"language":58,"slug":46,"status":62},{"code":6,"locale":59,"name":60,"slug":61},"ru_RU","Русский","ru","publish",{"edges":64},[65],{"node":66},{"name":12,"slug":13,"uri":15},{"nodes":68},[],{"node":70},{"sourceUrl":71,"altText":72,"title":73},"https:\u002F\u002Fgodbex.io\u002Fwp-content\u002Fuploads\u002F2025\u002F08\u002Fgodbex-pics-2025-08-07t145930.638.png","","Godbex pics — 2025-08-07T145930.638",{"node":75},{"name":76,"displayName":77,"authorNickname":72,"authorAvatar":78,"slug":79,"avatar":80},"andrei.naberezhny","Andrei Naberezhny","https:\u002F\u002Fsecure.gravatar.com\u002Favatar\u002Ff5d3f37709e5f14687fbb3bda04b9689333b13a4d35fc5efc57c8f8534636943?s=256&d=mm&r=g","andrei-naberezhny",{"url":81},"https:\u002F\u002Fsecure.gravatar.com\u002Favatar\u002Ff5d3f37709e5f14687fbb3bda04b9689333b13a4d35fc5efc57c8f8534636943?s=96&d=mm&r=g",{"canonical":83,"metaDesc":84,"readingTime":85,"opengraphTitle":45,"opengraphUrl":83,"opengraphImage":86,"twitterImage":14,"opengraphDescription":84,"twitterDescription":72,"title":45,"twitterTitle":72,"opengraphType":88,"opengraphPublishedTime":89,"opengraphModifiedTime":72,"breadcrumbs":90},"https:\u002F\u002Fgodbex.io\u002Fnews\u002Fdeposit-shocked-crypto-twitter-x\u002F","Discover the high-frequency, delta-neutral “maker-rebate” strategy that turned just US$6,800 into US$1.5 million on the Hyperliquid DEX.",3,{"sourceUrl":87,"altText":72},"https:\u002F\u002Fgodbex.io\u002Fwp-content\u002Fuploads\u002F2025\u002F08\u002Fgodbex-pics-2025-08-07t145930.638-300x169.png","article","2025-08-07T13:07:41+00:00",[91,93,95],{"text":92,"relativeUrl":72},"Home",{"text":12,"relativeUrl":94},"\u002Fnews",{"text":45,"relativeUrl":96},"\u002Fnews\u002Fdeposit-shocked-crypto-twitter-x"]