Data: A certain wallet increased its assets from $5,000 to $133,000 in two months by trading ETH on Lighter

According to MLM monitoring, a certain wallet deposited 5,000 USDC into Lighter about two months ago, and through trading ETH, its assets seem to have grown to approximately $133,000 (about 26.6 times / a return rate of about +2,560%).

In the past 7 days, this address appears to have accounted for about 59% of the ETHUSD market-making trading volume on Lighter ($1.72 billion) and about 9% of the total number of ETHUSD market-making trades (approximately 115,000 trades).

According to Lighter's API and blockchain explorer data, this account seems to be trading with zero fees, and apart from the initial $5,000, no other funds have been shown to have been transferred or deposited. Trading profitably using a market-making algorithm does not in itself constitute wash trading, as wash trading requires matching orders with one's own. Given its initial scale, this performance is worth noting.