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
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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