Taiwanese music star Jeffrey Huang, popularly known as Machi Big Brother, is currently grappling with significant financial turbulence in the cryptocurrency market. Just over a week ago, Huang was riding high with substantial profits, but a sharp downturn has left him facing a staggering unrealized loss. The publication provides the following information:
Huang's Hyperliquid Account Takes a Hit
Huang's Hyperliquid account, which recently boasted a profit of around $44 million, has taken a hit due to the plummeting value of the Plasma XPL token. As a result, he now finds himself with an unrealized loss of $87 million on a 5x leveraged long position. Despite this dramatic shift, Huang has chosen to maintain his trade, incurring over $115,000 in funding fees in the process.
Overall Account Status Remains Positive
Interestingly, Huang's overall account remains in the green, with a total combined profit and loss exceeding $116 million. This situation highlights the volatile nature of cryptocurrency investments, where fortunes can change rapidly and even seasoned investors can face significant challenges.
