The crypto whale investor and Taiwanese singer's liquidation price reset to $1,843.4 as cumulative losses topped $36 million during the market decline.
Jeffrey Huang was liquidated on futures positions three consecutive times as falling cryptocurrency prices drained his account balance to below $100,000. The market decline reset the liquidation price on the position to $1,843.4, while cumulative losses exceeded $36 million. The setback follows an earlier effort by the crypto whale investor and Taiwanese singer to shore up margin by listing two more BAYC NFTs (Bored Ape Yacht Club non-fungible tokens) for sale. He had also drawn attention earlier this month after saying, "한번의 거래로 모든 손실을 만회하겠다," underscoring the high-risk trading posture behind the losses.