Copy-tradingKilled

Mirror the single best-performing Hyperliquid wallet

92%

of live net P/L came from a single trade out of 44, strip it and the edge is gone

In plain English

Copying the single best-performing trader made money on paper, but 92% of it came from one trade; over three months he’d have lost to just holding.

What was claimed

Find the exchange's single best trader and mirror every trade they make.

The bar it had to clear

beat simply holding, with no single trade carrying it

What the data said

92% of profit from one trade; lost to holding over 92 days

Why it's dead

The live net looks positive, until you realise one trade drove almost the entire result. The 92-day backtest on the same wallet reveals it's a buy-and-hold underperformer.

The detail

n=44 live trades. A single trade (#1) accounted for 92.3% of all net P/L; the other 43 combined for the rest. 92-day backtest on the same wallet: it finished net-negative while simply holding finished net-positive, and lost to unlevered HODL (just holding the coin, no leverage) across all five BTC pullbacks in the window.

Kill date: 2026-05-09
Sample: n=44 live + 92d backtest
Method: Documented kill
Verdict: single-trade concentration