Machi Big Brother’s $44M Dream Turns into a $9M Nightmare 😱💸

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Ah, the fickle embrace of fortune! Our dear Jeffrey Huang, the Taiwanese minstrel and digital asset virtuoso, known to the masses as “Machi Big Brother,” finds himself ensnared in the tangled web of Hyperliquid’s whims. From the dizzying heights of a $44 million profit, he now gazes into the abyss of a nearly $9 million floating loss. 🌪️💔

The account “0x020c,” a digital alter ego of our celebrity, who also fancies himself a connoisseur of the Bored Ape Yacht Club, teeters on the brink. A 5x leveraged long position on the Plasma (XPL) token-a gamble on its ascent-has turned sour. The liquidation threshold looms at $0.5366, a specter haunting his blockchain ledger. 🦍📉

Thirteen days ago, the world was his oyster, brimming with $44 million in profits. Now, an unrealized loss of $8.7 million stares back, a cruel jest of the markets. And yet, our hero clings to his trade, bleeding over $115,000 in funding fees. A 15x leveraged Ether (ETH) long, worth $1.2 million in costs, offers a meager solace with $534,000 in unrealized profit, its liquidation set at $3,836. Ah, the folly of ambition! 🎭💰

A “massive hit,” indeed, for one who once basked in the glow of $44 million. Yet, his account remains in the black, with a total combined profit and loss (PnL) of over $11.6 million. A consolation, perhaps, but a bitter one. 🍷🤡

A week prior, Huang fled his $25 million Hyperliquid (HYPE) position, nursing a $4.45 million loss. The harbinger? BitMEX co-founder Arthur Hayes’ family office fund, Maelstrom, warned of the impending HYPE token unlocks. November 29th shall be its “first true test,” as the 24-month vesting schedule commences. A test, indeed, for the faint of heart. ⚠️🌀

Whales Wager on Plasma’s Phoenix-like Rise

Yet, in this theater of speculation, other whales-those leviathans of cryptocurrency-bet on Plasma’s resurrection. Whale wallets have amassed over $1.16 million in XPL tokens across 226 wallets, while $3.83 million worth have departed exchanges. A vote of confidence, or mere folly? 🌊🐳

Whale wallet “0xd80D” joined the fray, acquiring $31 million in XPL tokens, swelling its holdings to over $40.2 million. A bold move, or a dance with destiny? Only time shall tell. ⏳💫

Alas, the sands of time bring no reprieve. Plasma’s vesting schedule unlocks $90 million in XPL tokens on October 25th, the month’s third-largest token unlock. Selling pressure looms, a specter threatening to engulf the hopeful. 🕰️⚔️

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2025-10-01 16:02