Machi Big Brother, one of Hyperliquid’s most-liquidated traders, was liquidated again on an Ethereum long and has now lost more than $80 million on the onchain derivatives exchange since September, according to onchain analytics firm Arkham.
Arkham said the trader, whose real name is Jeffrey Huang, was liquidated for $341,000 on an $ETH position, taking his cumulative losses on Hyperliquid to $80.43 million since September 2025. To raise margin, Huang has been selling his Bored Ape Yacht Club NFTs; blockchain tracker Lookonchain reported he sold 34 of the NFTs over the past month for 326 $ETH, about $514,000, realizing a loss of roughly 399 $ETH, or about $631,000. His Hyperliquid balance has fallen to around $81,000.
What stands out about the latest hit is that, by Arkham’s account, it is the first time Huang has been liquidated without immediately topping up his account. Earlier liquidations in the streak were repeatedly followed by fresh deposits. His run has become one of the most visible cautionary tales of the leverage that has driven Hyperliquid’s rise, where the public order book turns each forced exit into a spectacle. It echoes the run of James Wynn, another Hyperliquid trader whose leveraged bets drew crowds hunting his liquidation levels before his account was ground down.
A Months-Long Losing Streak
Huang’s losses have tracked Ether’s decline. $ETH trades near $1,578, down about 21% over the past 30 days, roughly matching Bitcoin’s 20% drop over the same stretch, according to CoinGecko. Measured from September, when Huang began the streak, the slide is far steeper: $ETH has fallen by about two-thirds from the roughly $4,700 it traded at then.
Lookonchain has counted hundreds of separate liquidations across Huang’s account, a tally that earned him the nickname “King of Liquidations.” His Hyperliquid profits peaked at about $44.8 million in September 2025 before the position turned, on-chain trackers say. He had drawn margin for some of the recent trades from a PleasrDAO treasury wallet funded years earlier.
The $NFT sales have crystallized steep losses on assets bought at the top of the 2021 market. The largest single loss Lookonchain flagged was Bored Ape #6057, which Huang bought roughly four years ago for 76.84 $ETH and sold for 7.65 wrapped $ETH, an $ETH-denominated loss of about 90%. At his peak, Huang held more than 200 Bored Ape Yacht Club NFTs.
Onchain data only reflects wallets that trackers have identified, so the figures capture activity on Hyperliquid and tagged $NFT sales rather than Huang’s full net worth. Holdings on other platforms or in unlabeled wallets would not appear, and the question of whether he is “out of money,” as Arkham put it, cannot be answered from public data alone.
