Hyperliquid Trader 0x4e23 Tops 24-Hour Profits After Closing DRAM Short

A Hyperliquid contract address identified as 0x4e23 recorded the highest profits on the platform over the past 24 hours after closing a DRAM short position during a market pullback. According to BlockBeats On-chain Detection, the trader realized about $3.95 million in profit from closing the DRAM short and earned an additional roughly $880,000 from short positions tied to INTC and WDC. Since first trading in April, the address has accumulated about $12.06 million in total profits, including roughly $8.10 million over the past 30 days. Trading activity has focused on high-frequency rotation among U.S. stock-mapped contracts linked to memory and semiconductors, including DRAM, SNDK, INTC, MU, WDC, and SPCX. The account often completes a full trading cycle within a week, with a recent win rate of 84.6% and a maximum drawdown of 14.3%. On June 30, the same address completed short trades in SNDK, WDC, and SPCX for combined profits of about $3.90 million. After the latest semiconductor pullback, the address’s main open position is a 10x long in SPCX totaling 86,748.6 contracts, with an average entry price of $160.30 and a current price near $159.00, showing an unrealized loss of about $112,500. The liquidation price is around $147.99, and the position was opened early today and built through rolling entries over several hours. The address also has sell orders totaling about $20.15 million concentrated in WDC, DRAM, SNDK, and INTC. If filled, these orders would add to short exposure or shift the account toward net short positioning, depending on current holdings. For WDC, 50 sell orders are placed between $704.91 and $790.00, totaling about $11.10 million, with no current position indicated. For DRAM, 20 sell orders between $82.207 and $86.298 total about $5.68 million; the address currently holds only a small long of 117.1 contracts, which would flip to a large short if executed. For SNDK, six sell orders between $2,238.3 and $2,250.7 total about $2.95 million; the address already holds a small short of 49.134 contracts, which would increase to about 1,365 contracts if filled. For INTC, one sell order at $131.76 totals about $408,000; the address currently holds a small short of 231.79 contracts, which would rise to about 3,328 contracts if executed.