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Maji Dage's Long Position on Hyperliquid Reaches $138.94 Million

Huang Licheng's investments in ETH, HYPE, and PUMP show profitability in ETH and HYPE, with total unrealized losses narrowing to $4.22 million.

ETH
HYPE

Summary

On July 27, on-chain data revealed that 'Maji Dage' Huang Licheng holds a long position valued at $141.43 million on Hyperliquid, comprising ETH, HYPE, and PUMP. While ETH and HYPE positions are currently profitable, the PUMP position remains at a loss. Total unrealized losses have decreased to $4.22 million, down from over $8 million previously.

Terms & Concepts
  • On-chain data: Data that is recorded on the blockchain, providing insights into transactions and holdings.
  • Long position: An investment strategy where an investor buys an asset with the expectation that its price will rise.
  • Unrealized loss: A loss that exists on paper, resulting from a decline in the value of an asset that has not yet been sold.