The Airdrop Wallet (anonymous): trade history, replayed

Hyperliquid About $1.6K of capital, up $226K in four months

An anonymous Hyperliquid wallet. Nobody has publicly claimed it, so the name is our nickname, not an identity. It deposited 252 USDC in February 2024 and lost about $200 on its first trade. In November 2024 it received 246 HYPE from the Hyperliquid airdrop, sold them the same day for 1,336 USDC, and in January 2025 moved that into its trading account. From there, with no further deposits, its cumulative profit peaked at about $226K on 1 May 2025 and ended its first phase in June 2025 at about $145K, after giving some back in May and June. Only this first phase is shown: later the wallet traded with added outside funds. It was found by screening public Hyperliquid wallets, so it is one of the few that made it, not a typical result.

The record at a glance

Trades

91

Period

2024-02-11 → 2025-06-23

Win rate

62.6%

Net P&L

+$145K

Biggest win

+$33.5K

Biggest loss

−$39.3K

Without the 5 best trades

+$33.4K

Long / short

64 long · 27 short

Median holding time

2.8 h

Most traded

ETH (23) · BTC (14) · SOL (13) · TRUMP (5) · FARTCOIN (4)

⚠ Funding payments are not included in any trade.

Trading style, from the data

Computed from all of the trades. These describe what the record shows; the record contains no information about the trader's intentions, so anything about motives is inference, not the trader's own rule.

What stands out

• Win rate 62.6%; the average win is 1.2× the average loss.
• Losers are closed faster than winners (median 61 min vs 5.2 h). In the data this looks like leaving losing positions early and holding winners longer.
• Gains are concentrated: the best 10 trades account for 56% of all profit from winning trades.
• Long trades netted +$95.0K; short trades +$50.2K.
• The strongest holding-time range is 1 hour to 1 day (+$157K).
• ETH is the most traded market (25% of trades), netting +$57.8K.

Average win

+$5.2K

Average loss

−$4.5K

Average win ÷ average loss

1.16

Median hold, winners

5.2 h

Median hold, losers

61 min

Best 10 trades' share of all gains

56%

Median fills per position

49

By holding time

Long vs short

By quarter

Most traded markets

Notable trades

Biggest wins

Biggest losses

Free shows a sample of each trader's trades. Pro unlocks every trade and full diagnostics.

About the data

Every perpetual fill of the wallet before 1 July 2025, read from Hyperliquid's public API and rebuilt into positions; each position's fills chain together without gaps and every position is closed. Fees are included; funding is not. Six positions are in markets without a chart source and are listed without a chart.

Perpetual fills of wallet 0xcb5c2f378860437fad512c3aec09efce1c470283 before 1 July 2025 only (its first phase). The wallet later traded with added outside funds; that part is not included. Funding and spot fills are not included.

Check it on-chain yourself

Hyperliquid fills and transfers are public, and we cannot change them. Look up the address below in the official or a third-party explorer; the fills, deposits and withdrawals should match this page.

Wallet address
0xcb5c2f378860437fad512c3aec09efce1c470283

Hyperliquid explorer → · Hypurrscan →

Before July 2025 no other money came in from outside: the later entries in the ledger are withdrawals (the first, $60K, on 4 February 2025), transfers between the wallet's own spot and trading accounts, and money moved into and back out of a vault the wallet created itself.

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