Machi Big Brother has done it once again. The popular Taiwanese musician & crypto community aficionado has been losing money at an unprecedentedly fast pace. Ever since hitting the $44 million milestone in unrealized profit, the famous trader & digital art collector fell into a flurry of multi-million dollar liquidations.
Judging from Machi’s HyperLiquid data, the veteran traders lost a mouth-dropping 175K in USDC in just 16 hours after depositing it. Once stock market liquidations hit brutally on Tuesday’s afternoon, the $1 trillion wipe-out somewhat passed on to major-cap cryptos.
Machi Big Brother Returns With Enormous ETH Play
For Ethereum (ETH), the 4% downswing has briefly pushed the largest altcoin below $1,950, triggering the liquidation of Machi Big Brother’s long ETH position. However, the Bored Ape Yacht Club member didn’t stay on the sidelines for long.
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As reported by LookOnChain, Machi received another 250K in Circle USD (USDC) on Tuedsay’s afternoon. He immediately deposited all of this to HyperLiquid to keep longing Ethereum’s (ETH) price with sensitive leverage.
With the ongoing ETH price long position, Machi’s 25-times multiplied leveraged play has some leeway until $1,877.70. As Ether presently trades at $1,988, that’s 8 dollars above Machi Big Brother’s entry price. At 2,775 ETH, the risky play shows a $30,283.33 figure in unrealized profits at the time of this writing.
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He’s a famous Taiwanese musician and big crypto trader (real name Jeffrey Huang). People follow him because he makes huge, risky long price plays with borrowed money on platforms like Hyperliquid.
He was up about $44 million in profits earlier. Now most of that is gone — he’s lost around $74 million total in the last few months because ETH kept dropping while he was betting big that it would go up.
He put in $250,000 USDC to support a 25x leveraged long on ETH price. A few hours later the price moved against him, the position got wiped out (liquidated), and his account dropped to only about $76,000.
Right after the wipeout, another $250,000 USDC came from a wallet connected to QCPCapital and went straight back into his trading account. He also earns some money from fees on his own MACHI token, which might help too.
He’s been liquidated many times already but keeps reloading and staying long on ETH. Some people call it crazy gambling; others say it’s hardcore conviction. As long as new money keeps coming in, the wild ride most probably continues.
