Trader 'Maji' Suffers 200 Liquidations Since October, Losing Over $22.88M

Lookonchain’s latest data shows trader 'Maji' incurred repeated losses since October’s crash, with account holdings shrinking to just over fifty thousand dollars.

Summary

Blockchain analytics platform Lookonchain reported that trader 'Maji' has been liquidated 200 times since the October 11 market crash, resulting in losses exceeding $22.88 million. His account balance now stands at only $53,178, reflecting severe capital depletion from these repeated margin calls.

Terms & Concepts
  • Liquidation: The forced closure of a trading position when losses exceed margin, often seen in leveraged crypto trading.
  • Lookonchain: A blockchain analytics platform that tracks wallet activity and on-chain transactions in real time.