From $5,000 to $130,000: The mysterious wallet's trading miracle on Lighter

SerumDegen · 2025-12-30T01:00:11+00:00

A wallet's recent activity on the Lighter platform has attracted attention. After investing 5,000 USDC, the assets grew to approximately $133,000, with a return rate of 26.6x. The account's ETHUSD order-taking trading volume accounted for as much as 59% in the past week, amounting to $1.72 billion, and it charged zero fees. No other fund inflows were observed, and the profit method is algorithmic trading rather than wash trading.

SerumDegen

2025-12-30 01:00:11

Abstract generation in progress

[Crypto World] A wallet operation has recently attracted attention. About two months ago (October 24), it deposited 5,000 USDC into the Lighter platform. And then? Relying solely on ETH trades, the assets surprisingly grew to around $133,000—meaning a 26.6x return, an increase of over 2560%.

Even more astonishing is the performance in the past week. This address accounted for 59% of the ETHUSD market order volume on Lighter, totaling as much as $1.72 billion. Although the number of trades is relatively fewer, it still accounts for about 9% of the total order count, approximately 115,000 trades. Data comes from Lighter’s API and blockchain explorers.

An interesting detail is that this account incurs zero transaction fees when trading, and aside from the initial $5,000, no other fund inflows have been detected. How exactly is this achieved? Some might think it’s wash trading. However, from a technical perspective, this profit is achieved through an order-matching algorithm trading strategy, which does not count as wash trading. Wash trading is characterized by trading with oneself, which is clearly not the case here. Considering the initial capital scale, the performance of this operation is indeed worth paying attention to.

USDC0.05%

ETH0.36%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

17 Likes

Reward
17
7
Repost
Share

Comment

0/400

GasFeeCrybaby

· 12-30 01:32

$5000 with 26.6x leverage? How aggressive does that operation have to be, I'm impressed --- Zero fees and still able to trade 1.7 billion? Is this an insider or a bug? --- Wait, is this data real? Seems a bit unbelievable --- Another story of sudden wealth, time to wake up everyone --- Bro, this operation looks like playing a game to me, the authenticity is questionable --- 26x return rate? If not bragging, this guy should have retired already --- Just want to know how the fees became zero, that's the real core

View OriginalReply0

FortuneTeller42