Keisan
Ex-banker who farmed 546,000 HYPE and ran the biggest vault on Hyperliquid.
- Est. PnL
- $25M+
- Location
- Italy
- X signup
- Got 546,000 HYPE airdrop worth $45M today; his main wallet is named 'we love u jeff'
- Made the record $467,000 Hypurr his pfp 101 minutes after it sold
- Hosted an X Space with former Barclays CEO Bob Diamond about his HYPE treasury company, now sitting on about $2.4B of HYPE
- Ex investment banker who did private equity and a crypto hedge fund, now vibe-coding the Purrfolio wallet tracker
- Ran 'Long HYPE & BTC | Short Garbage' vault, to a $5.2M peak TVL and $2.28M in profit
- Grew up on World of Warcraft, Smash Bros, RuneScape, Warcraft 3, Counter-Strike, Halo and Dota. His verdict: OG WoW is undefeated
Notable trades
HYPE
Nov 2024
$45M if held
545,895 HYPE at genesis across two accounts, about $3M on day one. The side account put in $500,000 and lost about $332,000 on $923M of perps to earn its 153,620. He staked most of the stack and sold about 293,000 over two years, including about 70,000 at an average $88.71 in September 2026, above today's price. He still holds at least 190,000 HYPE.
BTC
Jul 2025
+$5.1M, -$4.2M
Made $5.1M in the week to 16 July 2025 and lost $4.2M in the week to 23 July. He said he closed his bottom longs too early out of euphoria after a short, and took profit on BTC into $109,000 to $111,000. Lifetime his perps account has run $10.4 billion of volume and is down about $1.2M. In September 2026 alone it traded $424M of BTC for +$683k.
HYPE
Apr 2025
+$1.15M to him
Vault Long HYPE & BTC | Short Garbage: 70/30 HYPE and BTC long against a short basket of ten or more high-emission coins at about 60% of the long side. He launched it as the most guaranteed 30%+ IRR he had seen. Depositors put in $1M in the first week, more than 100 joined within a month, and day-one depositors doubled their money in two months by his figures. It peaked at $5.2M as the largest vault on Hyperliquid, and made $2.28M all time. His own stake is up $1.03M, plus about $120,000 of manager fees.
Hypurr #200
Sep 2025
2,500 HYPE paid
Paid 2,500 HYPE, about $117,000, five hours after the Hypurr airdrop. A ghost ranked 72nd of 4,600. His other Hypurr, #293, was airdropped to him.
Trading style
Relative value. He pairs a long in the assets he rates highest with a low-leverage short basket of coins carrying high fully diluted valuations and heavy emissions. The shorts are there to hedge the longs, sized well below them. His summary is long good coins low, short bad coins high.
He values tokens the way a banker values a company: fee run-rates over 2, 7 and 30 days, float adjusted for emissions, and P/E and EV/EBITDA set against SOL, ETH, Coinbase and the S&P 500, with cash flows checked alongside earnings. He weights spot buying from ETFs, treasury companies and Hyperliquid's Assistance Fund above perp flows, and takes partial profit into set targets. He counts his wealth in HYPE, with a HYPE-denominated row in his portfolio tracker, and trims HYPE in pieces into strength. His standing thesis is that Hyperliquid becomes the blockchain to house all finance.
He cites Stanley Druckenmiller on concentration, GCR on getting greedy early when a trend turns, and Robert Shiller, who proposed the perpetual future.
Quotes
“Too many people view shorting as some sort of all in, max leverage trade, whereas in reality the best shorts are low leverage and are used to hedge longs.”
“There are probably less than 100 people in the world that truly understand Hyperliquid. I'm just happy the rest are my counterparties.”
“If you haven't made it yet and you aren't vibe coding mini apps / businesses or using AI to create something of value, then you don't want it badly enough.”
“Number go up is the best marketing.”
Interviews
Contributors
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