PANews reported on October 17 that according to Onchain Lens monitoring, after experiencing multiple liquidations, Huang Licheng (@machibigbrother) sold 2.02 million PNKSTR for 36 ETH (worth US$141,000), resulting in a loss of US$234,000. He then deposited 47.43 ETH (worth $190,000) into HyperLiquid and increased his ETH (25x leverage) long position by selling these ETH. In the past 30 days, he went from a profit of $43.6 million to a loss of more than $13 million, with a capital drawdown of more than $56.6 million.PANews reported on October 17 that according to Onchain Lens monitoring, after experiencing multiple liquidations, Huang Licheng (@machibigbrother) sold 2.02 million PNKSTR for 36 ETH (worth US$141,000), resulting in a loss of US$234,000. He then deposited 47.43 ETH (worth $190,000) into HyperLiquid and increased his ETH (25x leverage) long position by selling these ETH. In the past 30 days, he went from a profit of $43.6 million to a loss of more than $13 million, with a capital drawdown of more than $56.6 million.
Huang Licheng sold 2.02 million PNKSTR at a loss of $234,000 and subsequently increased his ETH long position
PANews reported on October 17 that according to Onchain Lens monitoring, after experiencing multiple liquidations, Huang Licheng (@machibigbrother) sold 2.02 million PNKSTR for 36 ETH (worth US$141,000), resulting in a loss of US$234,000.
He then deposited 47.43 ETH (worth $190,000) into HyperLiquid and increased his ETH (25x leverage) long position by selling these ETH.
In the past 30 days, he went from a profit of $43.6 million to a loss of more than $13 million, with a capital drawdown of more than $56.6 million.
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