Prominent Ethereum bulls cannot catch a break: this popular BAYC member loses beyond $3 million in a month!
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.
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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