A trader has recently gone viral. This guy turned $58,700 into $489,900 in just one week by going long on PEPE—almost an 8x increase.

How did he do it? It’s not that complicated. Seven days ago, he invested $58,700 on a derivatives platform and opened a 10x leveraged long position on PEPE. Normally, such leverage blowups are common in these situations. But he was lucky enough to catch a strong market rally, and PEPE surged this week.

More importantly, he didn’t just go all-in and then relax. He adopted a rolling profit strategy—each time he made a profit, he reinvested it to add to his position, becoming increasingly bold. Gradually, his PEPE holdings accumulated to 221.96 million tokens (at the time’s price, the total value of his position in the account once surged to $1.52 million).

From an initial $58,700 to finally $489,900, that’s a 734% increase. Of course, such returns are not unheard of in the crypto market, but they are still quite aggressive. The problem is, high leverage and high returns often come with high risks—if the market moves against you, the account can be wiped out in minutes.