Ethereum Updates: Bold Move or Misstep? Machi Loses $15 Million on ETH Amid Unstable Crypto Market

Jeffrey Huang, widely recognized in the cryptocurrency community as Machi Big Brother, has once again become the center of attention following a major

(ETH) transaction that resulted in a staggering $15.16 million deficit. After a string of leveraged trades were liquidated, the well-known investor initiated a new 25x long position on 100 valued at $364,000, with a liquidation threshold set at $3,546.43. This information, sourced from Hyperliquid’s on-chain data and shared by Lookonchain, was highlighted in a . This bold move has reignited discussions about the perils of high-leverage strategies in the unpredictable crypto sector.

The liquidation process began when ETH’s value slipped below $3,550, triggering a series of forced sell-offs that reduced Huang’s portfolio to just $16,771. This was a sharp turnaround for a trader who once boasted more than $44.8 million in unrealized gains. Despite the setback, Huang’s immediate decision to put his remaining funds into another leveraged bet has been described by social media users as both “reckless” and “tenacious,” with the CryptoTimes article capturing much of the online commentary.

Huang’s current situation is part of a larger downturn in the market. Data from derivatives trading shows that over $1.2 billion in long positions were liquidated in just 24 hours as

and Ethereum prices plunged. Those using high leverage were hit hardest, with forced liquidations accelerating the price drop. Huang’s account, which was once among the leading DeFi wallets with more than $3 million in ETH longs, had dropped to under $90,000 before the final liquidation, as detailed by CryptoTimes.

This isn’t the first time Huang’s high-risk approach has led to trouble. Back in October, he suffered partial liquidations even after injecting $1.7 million in new collateral to support his trades. His liquidation

hovered near $3,668 during that time, but ongoing market swings steadily eroded his assets. Experts point out that while his aggressive leverage has sometimes paid off, it has also repeatedly left him vulnerable to rapid losses, a trend also noted by CryptoTimes.

Huang’s path from the music industry to crypto has been filled with both achievements and controversy. Once a member of the hip-hop group L.A. Boyz, he entered the crypto scene in 2017 and quickly became a prominent NFT figure, earning the title “The Godfather of NFTs” for his involvement with the Bored Ape Yacht Club (BAYC). However, his image has been tarnished by accusations of misusing 22,000 ETH from Formosa Financial’s treasury—a charge he denied before ultimately dropping his lawsuit, as reported by CryptoTimes.

The crypto world remains split over Huang’s latest risk. Some see his swift reinvestment as a daring and almost theatrical show of determination, while others warn it highlights the dangers of excessive leverage. “Machi never gives up,” Lookonchain remarked, emphasizing his relentless attitude despite repeated losses—comments that were also featured in CryptoTimes.

Huang’s experience stands as a warning for other traders. In a market where values can change in an instant, using high leverage can magnify both profits and losses. While he once claimed $44.8 million in gains, his $15.16 million loss is a stark reminder of how fragile leveraged trading can be. As the crypto downturn continues, Huang’s story illustrates that even experienced traders are not shielded from the market’s extreme volatility.