According to Jinse Finance, on-chain analyst Ember reported that Machi Big Brother Huang Licheng (@machibigbrother) closed his positions in XPL, ASTER, and PUMP at a loss 7 hours ago, realizing a loss of $21.53 million. In the past 20 days, he has given back a total profit of $40 million. The main loss came from XPL: he was previously the largest XPL long position holder on Hyperliquid, opening a long at $1.4, and as XPL continued to decline, he ultimately lost $18 million on XPL. Despite cutting several heavily losing positions, he still holds the largest ETH long position on Hyperliquid.