Crypto Trader’s Sudden Windfall with INIT Token’s 30% Surge!

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Well, isn’t this just darling? A trader on Hyperliquid has managed to make a jaw-dropping profit in mere hours, all thanks to the INIT token, which has decided to pump over 30% in the past 24 hours. INIT, you see, is the native currency of the Initia blockchain, which just *so happened* to go live on April 24th. What a coincidence! 🎉

According to a recent post by Lookonchain (how charmingly cryptic), the lucky trader decided to go long on INIT with 2X leverage at the market price of $0.638. Fast forward to now, and they’re sitting pretty on a profit of $654k. Yes, you read that right, darling – over half a million bucks, just like that. 💸

“Someone went long on $INIT 15 hours ago with 2x leverage at an average price of $0.638, and is now sitting on an unrealized profit of over $630K.”

— Lookonchain (@lookonchain) April 25, 2025

Now, the plot thickens. The trader opened their long position just 15 hours ago, *right* as the INIT token went live for trading on various exchanges. A truly perfect timing, wouldn’t you say? Of course, there are murmurs that this mysterious trader might be in cahoots with the Initia team, perhaps even an insider. But, oh no, surely that’s just a bit of harmless gossip. 🙄

As of this very moment, the INIT token is sitting pretty at $0.8494, up a delightful 30.82% and trading a whopping $1 billion in volume. With a market cap of $126.35 million, it is currently the 304th largest crypto asset in existence. How quaint. 🏦

Oh, and in case you’re wondering, the INIT token made its debut on Binance at a mere $0.20. Fast forward to now, and it’s skyrocketed to $0.85, making a *modest* 325% jump from launch. Someone’s been paying attention. 📈

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2025-04-25 11:18