One wallet saw its assets grow from $5,000 to $133,000 in two months simply by trading ETH on Lighter.

PANews reported on December 30th that, according to MLM monitoring, a wallet deposited 5,000 USDC into Lighter approximately two months ago (October 24th). Through trading ETH alone, its assets appear to have grown to approximately $133,000 (approximately 26.6 times/a return of approximately +2,560%). In the past seven days, this address appears to have accounted for approximately 59% of the ETHUSD taker trading volume ($1.72 billion) and approximately 9% of the total number of ETHUSD taker trades (approximately 115,000 trades) on Lighter.

According to Lighter's API and block explorer data, the account appears to be trading with zero fees, and no other funds have been transferred in or deposited besides the initial $5,000. Trading using an order-taking algorithm and generating profits does not inherently constitute wash trading, as wash trading requires matching one's own orders. Considering its initial size, this performance is noteworthy.