📢 The "Top Traders Monthly Report - May '25'' is out now! 🚀

Featuring curated, consistently profitable traders from the Binance and Hyperliquid Leaderboards.

We'll reveal key stats and insights that distinguish top traders in this competitive arena.

Let's explore the trading elites! 💪

Top 3 Traders of the Month - Overview

May 2025 highlights its top three traders of the month as follows:

🏆 Trader 0x8aF (Hyperliquid)

🥈 Trader 0x044 (Hperliquid)

May was a strong month for the crypto market. Among major assets, $ETH led the gains with a +40% increase, followed by $BTC up 10.3%, which also printed its highest monthly close ever at $104.6k, and $SOL, which ended the month up 7.8%.

The three traders featured in this report were selected based on multiple criteria and performed well in these favorable conditions. 0x8aF stood out with a profit of $13.3 million, significantly outpacing the other two. 0x044 and “u guys r rly dum” followed with gains of $3.1 million and $1.1 million, respectively.

Looking at key performance metrics:

0x8aF closed only 8 positions, with a 62.5% win rate and an exceptional profit factor of 71.24. He had the longest average holding period, between 17 and 19 days.
0x044 was more active, closing 65 positions, with a lower win rate of 38.5%, a solid profit factor of 1.94, and an average holding time of around 1 day.
“u guys r rly dum” was the most active, with over 130 positions. Despite the high frequency, he achieved a 71.6% win rate and a profit factor of 26. His trades were short-term, with most positions closed within 10 hours.

Trader Spotlight: 0x8aF

0x8aF maintained a predominantly long exposure throughout the month, with two brief exceptions during the final 10 days. His PnL curve shows that the bulk of his profits, around $8 million, were realized on May 11. After a relatively flat period, he secured the remaining gains by May 26, ending the month with a total profit of $13.3 million. In terms of notional exposure, he stayed below $50 million during the first half of the month, before ramping up to over $100 million in both long and short positions later on.

Out of the 8 positions closed, he traded 4 different symbols, two majors ($BTC and $ETH) and two meme coins ($PEPE and $PNUT), with the majority of his activity concentrated on $BTC and $ETH.

His PnL by symbol speaks for itself: nearly 100% of his total profits came from the majors, with $8 million gained from $BTC and $5.4 million from $ETH.

Trader Spotlight: 0x044

0x044 maintained a long bias for most of the month, except during the final week of May when he shifted to the short side. His notional exposure fluctuated between -$40 million and +$40 million, with frequent entries and exits indicating a highly active trading style.

The majority of his profits, around $2 million, were made in the first 10 days, but he gave back most of those gains by mid-month, dropping to just above +$500k. The final week was decisive, enabling him to recover and finish the month with a profit of just over $3 million.

0x044 primarily focused on large caps, especially $BTC and $ETH. As shown in the image below, his entries and exits were clearly defined, often opening multiple positions simultaneously and closing them together.

$BTC and $ETH accounted for total profits of $3.6 million, followed by smaller gains from $SOL and $AAVE. The remaining symbols were traded at a loss, with the largest loss coming from $DOGE at -$360k.

Trader Spotlight: u guys r rly dum

“u guys r rly dum” closed 134 positions in May, with an average holding period of approximately 9 hours for winning trades and 4 hours for losing ones. Unlike the two previous traders, he frequently switched between long and short positions, with a less consistent directional bias.

His exposure varied significantly, from as low as $500k to typical sizes around $2 million, and in two extreme cases, between $15–20 million. Despite these rapid and sizable shifts in exposure, his PnL curve was the cleanest of the three, steadily trending upward throughout the month with minimal drawdown.

“u guys r rly dum” was also the most active in terms of symbols traded, covering a wide range from majors to memes and dino coins.

Despite the large number of symbols traded, $BTC gains of $460k accounted for nearly 42% of his total profits. He was profitable on most of the symbols he traded, with the largest loss coming from $MOODENG at just -$7.3k, insignificant compared to his wins.

Case Study - Trader 0x8aF: Timing the $ETH Bottom and Riding the $BTC Reversal

With this $ETH long, 0x8aF not only picked the best-performing major in May, but also caught the exact bottom of $ETH, which had been in a downtrend since December 2024, down over 60% from its December high. This was also the biggest win of the month, with a realized profit of $5.4 million.

0x8aF entered the position on April 7 at $1,465, likely anticipating it as a key support level for $ETH, with an initial size just above $5 million. Over the following 4–5 days, he partially reduced the position, realizing $500k in profits.

As another dip followed, he increased his exposure to around $9 million, then again took partial profits shortly after, bringing realized gains to $800k and reducing the position to approximately $6.5 million by April 12.

From that point on, with a strong entry and $800k already secured, he left the position untouched. As the price accelerated between May 11 and 18, he exited fully between $2,400 and $2,500, just below resistance. Patience paid off, with the trade yielding a $5.4 million profit and a 59.8% ROI. This single trade accounted for 39.3% of his total monthly PnL.

Just a few days after catching the bottom on $ETH, 0x8aF opened a long position on $BTC on April 11. He initially allocated around $10 million while $BTC was consolidating just below the $85k level.

As with the $ETH trade, the timing was nearly perfect, and the position remained mostly in profit from the start. Following the same approach, he held the position patiently. Within days, the price increased from $85k to $105k, approaching a key resistance level that had previously been rejected twice (at the end of 2024 and the beginning of 2025).

Instead of taking profits when up $2 million, 0x8aF tripled down, increasing his exposure to over $30 million, likely anticipating a breakout on this third attempt. The breakout materialized a few days later, with $BTC reaching a high just above $110k. At that point, he closed the position, locking in a total profit of $2.9 million.

As shown in the image below, increasing the position brought his average entry to $100k, just below the May 12 low. This was a high-risk move. Had the level failed to hold, he could have lost the entire $2 million in unrealized gains. In the end, the trade played out successfully.

Conclusion

The three traders featured in this report followed different approaches but all managed to take advantage of favorable market conditions in May.

0x8aF focused on a few high-conviction trades with strong timing on $ETH and $BTC. 0x044 was more active and adjusted his bias during the month, while “u guys r rly dum” traded frequently with smaller size and consistent results.

Their trading activity highlights different ways capital was deployed successfully across market environments. By analyzing position sizing, timing, and symbol selection, we aim to better understand how traders generate returns under real conditions.

Top Traders Monthly Report - May ‘25