The popular DeFi trader, 0xSifu has made approximately $1 million in profit by trading ETH perpetuals last week. According to Arkham, the degen trader has accumulated a profit of nearly $1 million just by longing and shorting Ether (ETH) on Synthetix, a decentralized perpetual exchange.
The blockchain analysis platform states that a contract ‘BakedBeanMamagement’ holds margin for perpetual future trades in which 0xSifu deposits margin balance. This contract sends back margin balance when a trade is closed.
Also Read: Ethereum Whale Awakens From Sleep After 8 Years With $3.2M Transactions
