Huang Li-Cheng’s 25x Ethereum Long Faces $22.83M Loss After Full Liquidation

Huang Li-Cheng’s 25x Ethereum Long Faces $22.83M Loss After Full Liquidation

A Hyperliquid address has a $660M ETH long showing a $50M unrealized loss, reflecting a swift $106M swing from profit amid high leverage risk.

ETH
HYPE

Fact Check
The statement is largely accurate, but contains one key factual error according to the provided sources. The core elements of the claim are well-supported: the individual involved (Huang Li-Cheng, also known as "Maji" or "Big Brother Maji"), the nature of the position (a 25x leveraged long on Ethereum), and the scale of the financial loss are all corroborated. One highly relevant and authoritative source reports a loss of $23.6 million, which is very close to the $22.83 million figure in the statement, making the financial impact claim highly credible.The single point of contradiction across multiple high-authority sources is the claim that the position was 'fully' liquidated. The KuCoin and Bitget articles explicitly state that the liquidation was 'partial'. The BingX article indirectly supports this by noting that Huang still held a smaller position after the event, implying the previous, larger one was not completely wiped out. Because the statement correctly identifies the who, what, and the approximate financial outcome of a major event, it is assessed as 'likely_true'. The inaccuracy regarding the extent of the liquidation (full vs. partial) prevents it from being entirely true, but it does not invalidate the substance of the claim. The evidence is consistent and comes from multiple credible sources, leading to a high confidence level in this assessment.
Summary

A Hyperliquid trading address, linked to prior high-leverage ETH activity, holds a ~$660 million Ethereum long position currently carrying a $50.46 million unrealized loss. Just days earlier, the same position recorded about $56 million in profit, marking a $106 million drawdown in a short span. The liquidation price stands at $2,263.64, while ETH trades near $2,958—less than $700 from triggering liquidation.

Terms & Concepts
  • Ethereum (ETH): A blockchain platform enabling smart contracts (self-executing blockchain code) and decentralized applications.
  • Liquidation: The process of closing a trading position when collateral is insufficient to cover potential losses, often triggered in leveraged trades.