Machi Big Brother | Crypto

Despite the nearly $9 million loss, Machi and other large investors are betting on the price of the XPL token recovering. Taiwanese music celebrity and high-profile digital asset investor Jeffrey Huang, also known as “Machi Big Brother,” is facing a nearly $9 million floating loss on his Hyperliquid account. Account “0x020c” associated with Huang, who is also a popular Bored Ape Yacht Club collector, is approaching a floating loss of $9 million on decentralized exchange (DEX) Hyperliquid. From a profit of approximately $44 million just 13 days ago, the celebrity is now sitting on an unrealized loss of $8.7 million on their 5x leveraged long position, which involves betting on the price appreciation of the Plasma (XPL) token, according to blockchain data from Hyperdash. The position has a liquidation threshold of $0.5366. Read more

The Taiwanese celebrity closed his position at a $4.5 million loss as Hyperliquid’s market share continued to lose ground to other decentralized exchanges. Taiwanese music celebrity and high-profile digital asset investor Jeffrey Huang, also known as “Machi Big Brother,” sold all his Hyperliquid holdings at a multimillion-dollar loss amid mounting concerns over the token’s upcoming vesting schedule. The celebrity and popular Bored Ape Yacht Club collector sold $25.8 million worth of Hyperliquid (HYPE) tokens, realizing a total loss of $4.45 million after weeks of holding, according to blockchain data shared by pseudonymous analyst MLM in a Tuesday X post. The account has also forfeited more than $19 million in unrealized profit over the past week. Read more