Trader 'Maji' Expands Ethereum Longs to $23.31 Million with Additional HYPE Position

Trader 'Maji' Expands Ethereum Longs to $23.31 Million with Additional HYPE Position

Trader 'Maji Brother' boosts leveraged bets on Ethereum and HYPE, signaling continued aggressive risk-taking amid volatile crypto price movements.

ETH
HYPE

Fact Check
The assessment is based on two highly relevant and authoritative primary sources that directly support the statement. A news article from the crypto exchange Bitget explicitly states that a trader named 'Maji' holds an Ethereum long position valued at $15.92 million. A second article from the same source corroborates the key details, mentioning the exact same position value and asset, despite incorrectly identifying the trader as 'Pal' in its title; the summary clarifies that it links back to the primary story about 'Maji', making this a strong piece of corroborating evidence. While another source mentions the trader 'Maji', it refers to a different trade (a Bitcoin position) and is therefore not directly relevant to this specific claim about Ethereum. The remaining sources are entirely irrelevant, discussing topics such as macroeconomic policy, unrelated cryptocurrencies, or general tutorials, and thus have no bearing on the assessment. There is no conflicting evidence among the provided sources. The consistency between the two primary sources provides high confidence that the statement is true.
Summary

According to Hyperbot data, trader 'Maji Brother' holds a 25x leveraged ETH long worth $22.28 million, entered at $2,977 with liquidation at $2,857, alongside a 10x leveraged HYPE long worth $1.03 million at $26 entry. These positions reflect his ongoing high-risk strategy with substantial exposure to both assets.

Terms & Concepts
  • ETH Long Position: A trading position that profits if the price of Ethereum increases.
  • Leverage (25x): Borrowing funds to increase position size, in this case amplifying exposure 25 times the invested amount.
  • Liquidation Price: The price at which a leveraged position will be automatically closed to prevent further losses.