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Huang Licheng faces 10 liquidations in 8 hours as Hyperliquid losses hit $80 million

Huang Licheng faces 10 liquidations in 8 hours as Hyperliquid losses hit $80 million

Lookonchain said Machi Big Brother was left with $52,000 after repeated ETH liquidations, while Arkham data cited by reports showed about $80 million in Hyperliquid perpetual-trading losses over the past year.

ETH
HYPE

Fact Check
The Lookonchain X post directly states '10 liquidations in 8 hours left @machibigbrother's account at $52K' and matches the claim's wording. The Arkham X post confirms the $80 million Hyperliquid perp loss over the past year. Both primary sources are corroborated by BlockBeats and Odaily news reports.
Summary

Huang Licheng, known as Machi Big Brother, was liquidated 10 times within eight hours, according to Lookonchain, leaving the account with about $52,000. He then increased his ETH long position to 1,075 ETH, worth about $1.71 million, with a liquidation price of $1,560.81. Separately, Arkham monitoring cited in reports indicated he has posted about $80 million in losses trading perpetual contracts on Hyperliquid over the past year. Odaily said the latest liquidation was the first time he did not immediately add funds afterward, highlighting the risks of leveraged crypto trading.

Terms & Concepts
  • liquidation: Forced closure of a leveraged position when collateral falls below required levels.
  • perpetual contracts: Futures contracts with no expiry date, commonly used for leveraged crypto trading.
  • liquidation price: The price level at which an exchange forces a leveraged position to close.