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Machi Big Brother sells Bored Apes to fund leveraged ETH longs after liquidation

Machi Big Brother sells Bored Apes to fund leveraged ETH longs after liquidation

Jeffrey Huang, also identified as Huang Licheng, sold BAYC NFTs including 34 over the past month as his Hyperliquid Ether long was partially liquidated and later left with about $81,000.

ETH
HYPE

Fact Check
Multiple independent crypto news outlets (BlockBeats flashes 353389 and 353367, Odaily 494955) corroborate that Jeffrey Huang's 25x leveraged ETH long was partially liquidated and that he sold a BAYC NFT for about 10 ETH to add margin and reopen/add to the long. Huang's own X post confirms he was ~8% from liquidation ('We're going to need more Tom. 8 percent.'). On-chain Hypurrscan data shows ~24 open-long transactions totaling ~1,048 ETH, matching the position rebuild. The reporting attributes monitoring to Hyperbot/HyperInsight, as stated in the claim. The number '~10 ETH' from the Bored Ape sale is explicit in the BlockBeats report.
Summary

Jeffrey Huang, known as “Machi Big Brother” and identified in newer reporting as Huang Licheng, sold Bored Ape Yacht Club NFTs to raise funds for leveraged Ether long positions on Hyperliquid. Hyperbot and HyperInsight data showed his 25x ETH long was partially liquidated, with 680 ETH remaining and ROI at negative 62.52%, while Lookonchain said separate BAYC sales over the past month totaled 34 NFTs for 326 ETH, locking in a realized loss of 399 ETH, or about $631,000. On June 26, Huang sold one BAYC NFT for about 10 ETH and used the proceeds to add margin, while later reporting said another liquidation left the account with about $81,000. Reported loss figures varied by source and snapshot, with HyperInsight citing $33.85 million cumulative losses including $2.43 million over the past month, and earlier Hyperbot data showing monthly net losses above $2.85 million and a 20% win rate.

Terms & Concepts
  • partial liquidation: Forced closure of part of a leveraged position to reduce risk after losses deepen.
  • margin: Collateral posted to support a leveraged trade and help reduce immediate liquidation risk.
  • Hyperliquid perpetual futures: Crypto derivatives on Hyperliquid that let traders take leveraged positions without an expiry date.