A cryptocurrency trader recently made a profit of $589,000 by shorting $BERA, a newly listed token, within just two hours. The trader deposited 1.6 million USDC into the Hyper Liquid exchange, providing the liquidity needed for high-value trades. Utilizing short selling, the trader strategically placed short positions on $BERA at various price ranges, taking advantage of potential price declines. The trader closed the short positions when desired profit thresholds were achieved and withdrew 2.19 million USDC. This highlights the importance of liquidity and risk management in volatile markets and showcases the potential for profit in actively affecting price dynamics of new tokens.



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