Crypto whale 'Machi Big Brother' adds $500k and reopens $11.5 million ETH long

On-chain data from Arkham Intelligence shows that crypto trader Jeffrey “Machi Big Brother” Huang has deposited an additional $500,000 in USDC to derivatives exchange Hyperliquid, allowing him to reopen and maintain an approximately $11.5 million leveraged long position on ETH into a declining market. Arkham’s tracking indicates this follows the near wipeout of his prior margin and comes after a dramatic swing in his PnL from roughly $44.8 million in profit to about $75.9 million in net losses over six months on similar high‑leverage Ethereum trades. Coverage notes that Huang’s approach has been repeatedly characterized as a high‑risk, Martingale-style strategy, where he adds collateral to underwater positions instead of reducing exposure or closing them. Arkham-linked reporting and other analytics show he has been liquidated more than 300 times on Hyperliquid, earning him the social media moniker “King of Crypto Liquidations,” yet he continues to build large long positions in ETH (around 3,300 ETH at the time of the report), along with smaller BTC and HYPE longs, all opened into a falling market. This behavior is closely watched because it illustrates the systemic risk and volatility introduced when large, visible whales repeatedly deploy heavy leverage on major assets like Ethereum, influencing market sentiment and acting as a real‑time stress test for risk management on on‑chain perpetuals platforms such as Hyperliquid.

✨ AI-generated background, compiled from web sources — not editorial content.

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• ETH