Two Aave whales and “MachiBig Brother” suffered multi-million dollar losses due to their leveraged positions ... Another prominent victim was Taiwanese-American actor and crypto trader Jeffrey Huang, also known as Machi Big Brother.
MachiBig Brother is fully liquidated, losses exceed $20.23 million ... Machi Big Brother had placed several leverage long bets on Ether on the Hyperliquid exchange before the broader market price correction occurred.
The DEX introduced ‘Machi mode’, where traders would be rewarded for their liquidations. ‘Machi mode’ is coming to Aster DEX, based on the experience of Machi Big Brother... — Machi Big Brother (@machibigbrother).
MachiBig Brother, the singer Huang Licheng, increased his long exposure on Ethereum (ETH) and HYPE by depositing an additional 220,000USDC into Hyperliquid, according to a Lookonchain report on October 28th.
TL;DR Trader “MachiBig Brother” holds a 25x leveraged long position on ETH valued at $10.1 million ... The well-known investor and “whale” Jeffrey Huang, alias “Machi Big ...
Celebrity investor and crypto trader Jeffrey Huang, better known by his alias MachiBig Brother, is staring down potential losses of millions after taking several leveraged long positions on Ether.
MachiBig Brother was also partially liquidated. Machi Big Brother, as Jeffrey Huang is known, has become a Hyperliquid whale as well ... The recent liquidation follows the deeper from October 11, when Machi Big Brother lost an even larger position.
TL;DRJeffrey Huang, aka MachiBig Brother, is experiencing a floating loss of nearly $9 million on his leveraged XPL token position on Hyperliquid, down from a $44 million profit just 13 days ago.
Jeffrey Huang, a Taiwanese music celebrity and high-profile digital asset investor mainly known as “MachiBig Brother,” has lost a whopping $8.7 million on his Hyperliquid account in less than two weeks.