$ETH
Machi’s High-Stakes ETH Bet Turns Costly
A familiar name in crypto is back in the spotlight, and this time the numbers aren’t friendly.
On-chain monitoring from HyperInsight shows that Huang Licheng, widely known as Machi, has taken heavy losses on a leveraged Ethereum position. The trade involved 8,100 ETH pushed to an aggressive 25x leverage, opened around $2,972.52, with liquidation looming near $2,870.73.
The damage has been steadily adding up. Over the past seven days alone, the address is down roughly $500,000. Zoom out to a month, and the losses deepen to about $3.91 million.
High leverage leaves no room for hesitation, and even modest price swings can turn brutal. Machi’s position is a reminder that in volatile markets, conviction cuts both ways.
For traders watching closely, this isn’t just about one wallet. It’s a live case study in how fast leverage can magnify risk when the market moves against you.