Machi Big Brother Faces $12M in Unrealized Losses on Crypto Long Positions
Machi Big Brother’s leveraged positions on XPL, ETH, HYPE, and PUMP are currently showing an unrealized loss of about $20 million amidst ongoing market volatility.
ETH
HYPE
Fact Check
The statement is strongly supported by the evidence. Multiple sources from early August 2025 specifically state the unrealized loss was either $12 million (Source 4) or $11.9 million (Sources 1 and 7), which effectively confirms the figure. While other sources provide different loss amounts on different dates, reflecting market volatility, there is direct corroboration for the $12 million figure at a specific point in time.
Summary
Machi Big Brother (Huang Licheng) is currently facing an unrealized loss of approximately $20 million on his leveraged long positions in XPL, ETH, HYPE, and PUMP on Hyperliquid. His positions, including a 10x leveraged XPL long and 15x ETH long, have been significantly impacted by the market decline, leading to this sizable loss.
Terms & Concepts
- Unrealized Loss: A decrease in the value of an asset that hasn't been sold, meaning the loss exists only on paper and could change.
- Long Position: An investment strategy where a trader buys an asset in expectation of its price rising over time.
- Leverage: The use of borrowed funds to increase exposure to an asset, amplifying both potential gains and potential losses.