Nachi
Quit a fund half-blind in 2018, and by 2024 was sixth on Binance's all-time futures board holding $40M in dogwifhat.
- Est. PnL
- ~$140M
- Location
- Hong Kong
- X signup
- Quit a fund after his eyesight fell to about a tenth of normal and he could not read a screen, then went full-time crypto with $100,000 in 2018
- Sixth on Binance's all-time futures leaderboard, with >$54M of realised PnL
- Put eight figures into Solana at $130 in July 2024 and called it his biggest position, after first buying it at $2 the cycle before
- Bought dogwifhat at $0.22, named his account after it, and was holding $40M three months later: yet again, the hat stays on
- Took 4% of GOAT's supply and told the AI bot behind the coin that it would make him a billionaire. The bag peaked near $40M on paper
- Posted his Hyperliquid airdrop card at +54,553,094.8% PnL, left the venues after the 10 October 2025 crash, then came back calling HYPE his most bullish token
Notable trades
WIF
Feb 2024
~$40M paper peak
Watched from November 2023 and sized in around February 2024 near $0.22, holding through about $3. On 28 May 2024 he posted more than 10 million tokens marked past $40 million, against a cost of roughly $2.2 million at his stated entry, after taking profits and buying back. He has called it his most profitable trade and held it through an eight-figure paper drawdown in June.
GOAT
Oct–Dec 2024
~$40M paper peak
4% of supply, about 40 million tokens, disclosed on 23 October 2024 in a reply to Truth Terminal with the line that it would be the trade of the cycle. He later named a $10 target and was still holding on 12 December 2024. At a market cap near $1B the position marked around $40 million, against a cost somewhere between $3 million and $10 million depending on where in the run he accumulated. No exit was ever published, and by September 2026 he described the bag in the past tense.
SOL
Jul 2024
8 figures
Eight-figure spot position built from the $130s, posted on 24 July 2024 as his largest holding, with the argument that SOL was mispriced against ETH on users, fees and DEX volume, and the line dont even try to get cute when you're on the fastest train on the planet. SOL roughly doubled by November 2024 and gave most of it back through 2025, and he has never published an exit. He has said he first bought SOL at $1 to $2 in the previous cycle.
Binance perps
to 2024
>$54M realised
Screenshot posted 7 August 2024 placing him sixth on Binance's all-time contract PnL list at more than $54 million. Taiki Maeda's podcast cited over $64 million that November. On 27 July 2024 he put that single month at up $15 million, his third or fourth best perps month of the year. Multi-year, never independently verified.
AAVE
2018–2020
$100k to ~$10M
The DeFi Summer book that funded everything after: $100,000 in mid-2018 to $10 million by the end of 2020, self-reported. Aave ran a 20x, gave back 70%, then ran again, alongside early DeFi tokens bought at $10M to $20M valuations. Not wallet-verified.
HYPE
Nov 2024–Sep 2026
2x on the add
Airdrop recipient at the 29 November 2024 genesis, marked at $5.4552 on the card he posted, and still holding in March 2026. He pressed it long on 14 May 2026 into the AQAv2 and Coinbase-Circle structure, with the arithmetic shown: additional buybacks of roughly $140M to $160M a year, about $400,000 a day, which he put at a 26% increase on daily revenue. On 3 September 2026 he said HYPE had doubled since that post, then rotated back to memecoins without announcing a sale. No token count has ever been published for either leg.
LUNA
2022
One of his worst
Short into the bubble, put on too early. He has named it one of the worst losses he has taken, saying he knew Luna was a bubble but shorted before the top and did not manage the risk well enough. He has since said the time to short is on the way down rather than at the high. No figure published.
BMNR
2025
100x claimed
Digital asset treasury equities from May 2025, private deals plus public names. On 11 August 2025 he posted $BMNR 450+, 100x from my initial entry. He also backed Forward Industries, the Galaxy, Jump and Multicoin Solana treasury vehicle. Size and realized proceeds are not public.
Trading style
A few large bets per cycle, held rather than traded. He has said he waits until he is very excited about an idea, then wants at least 5% to 10% of the portfolio on a rare one, and 5% to 30% on an established listed name depending on conviction. He builds in at least four tranches and has said the first two tell him whether it is working. He cuts the same way, roughly half at the first sign and three quarters when he is sure, and names those signs as losing money and a chart that stops behaving.
He buys the leader of each subsector rather than the tenth version of it, for the liquidity and the size it lets him carry: DOGE among dogs, WIF, POPCAT among cats. He will not buy a memecoin at launch, waiting until it looks likely to survive, then takes some off after a few weeks to lower the cost and rides the rest. Entries need fundamentals and technicals aligned: Elliott wave counts, Fibonacci levels he calls pinball, VWAP and a stated invalidation.
His stated model is Stanley Druckenmiller, and what he takes from him is the trader who serves two masters, one strong on fundamentals and the other on technicals, on the argument that the only positions worth holding are the ones both would sign off. Those he takes hard, going for the jugular rather than nibbling at them.
For drawdowns he quotes Roger Federer on refusing to spend energy on negative thoughts.
Quotes
“Trading is the source of my life.”
“Money is made in the sitting.”
“If you want to make it in crypto quicker, there's just one rule, try to think as left-curve as possible.”
“A great trader doesn't care about taking losses. If you're confident enough in making money in your trades, you don't care if you need to take a 10 million or 20 million loss. You'll make it back.”
Interviews
Contributors
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