In 2025, Index Coop’s Trade of the Month showcased how traders used spot leverage to capture big wins across every kind of market.

The campaign was simple: use any Index Coop leverage token with $1k+ size, and if your trade crushed it, you could win a cash prize & NFT trophy. Trade and win.

But beyond the memes and trophies, something more important emerged:

These winning trades showed how spot leverage tokens can be a powerful tool for real traders: Not just to gamble, but to win big over a variety of trade types and timeframes.

TL;DR What We Learned

• Spot leverage tokens give traders a cleaner path to success when the timeframe is uncertain or longer than a few days

• Multiple top trades used Index Coop leverage tokens to ride multi-week or multi-month trends without monitoring liquidation risks

• Swing trading with leverage is way more viable with these tokens than most people realize

Big Winners, Bigger Lessons

Let’s break down some of the most impressive performances from this year’s Sharpshooters Season 1:

💰 The Biggest Winner aka Grand Champion: +$213,176

Asset: BTC2x

• Chain: Arbitrum

• Return: +142.1%

• Duration: 14 months

• Wallet: 0x4dea8e921b072a4e335e423960022e31db0a2cde

This trade opened in August 2024 and closed in October 2025, making it the longest-held winning trade, and by far the most profitable. That’s a $200k+ win using a 2x token.

It’s hard to imagine holding a perpetual for 411 days straight through ups and downs. But this user did it with a spot leverage token and avoided liquidations or rolling costs entirely.

🎯 Highest % Gain +947.3%

• Asset: ETH3x

• Chain: Arbitrum

• Wallet: 0x4e42...ee7

• Duration: 122 days

Yes, you read that right. Nearly a 10x return on a single tokenized trade.

ETH3x is not for the faint of heart, but when timed right, it hits like a truck.

⚡️ Fastest Win Gained +52.8% in Just 7.7 hours

• Asset: ETH2x

• Chain: Ethereum

• Wallet: 0x3dac6c9d4785c732464c247cd149ab31ab4140dc

• Duration: Under 8 hours

This might be our favorite: a clean overnight snipe on ETH2x, closed for a +52.8% gain the same day it opened - pulling a profitable trade out of a larger downtrend.

You won’t find that kind of % return (with zero liquidation risk) on many other leverage tools.

Consistent Themes from a Volatile Year

Across dozens of entries, a few trends stood out:

• ETH Bulls Run This Town: ETH3x was the most used token by far, leading both by count and top wins. ETH3x made up 65% of all trade volume by winning wallets. BTC3x was second at 14%.

• Top traders won with holding periods as short as 8 hours or as long as 14 months

• The average winner in the Champion category returned +106.6%, Runner-Ups averaged +52.9%, and Sharpshooters averaged +217.4%

And one wallet in particular, 0x4531..., took home 4 wins: a serious outlier worth watching.

When Spot Leverage Wins

If you’re looking for 5x or 10x leverage, you’ll still need perps (for now). But if your timeframe is uncertain, or you want to hold your thesis for weeks or months, spot leverage tokens are the better tool.

You won’t get liquidated.

You won’t pay funding.

You just make the trade and let the thesis play out.

What’s Next

Season 1 is a wrap, but the blueprint is here.

Whether you’re swing trading BTC or sniping ETH intraday, Index Coop’s leverage suite makes it easy to express high-conviction trades with zero maintenance.

Want to be on the next leaderboard? Start trading.

👉 app.indexcoop.com/trade