In the fast-paced world of crypto trading, even seasoned players can get caught off guard by market swings. Recently, prominent crypto figure Machi Big Brother—real name Jeffrey Huang—found himself in hot water with a partial liquidation of his highly leveraged Ethereum (ETH) position. For those new to the term, liquidation happens when the market moves against your bet, and your collateral isn't enough to cover the losses, forcing the platform to close your position automatically.

This event, highlighted in a tweet from OnchainLens, shows Machi closing his 25x long ETH position on Hyperliquid, a decentralized perpetual futures exchange. Despite the setback, he still holds about 3,300 ETH, worth roughly $9.5 million at the time, but he's teetering just $20 away from another liquidation threshold. Overall, his losses have piled up to more than $20.89 million.

Machi isn't a stranger to the crypto scene. As a**********-American entrepreneur and musician, he's made waves in blockchain through NFT collecting—think Bored Ape Yacht Club—and even launched his own meme coin, BOBAOPPA, which raised a whopping $40 million in presale but stirred up controversy along the way source. His trading antics, often shared publicly, have earned him a massive following of over 200,000 on X, where he discusses everything from ETH's deflationary trends to quirky "Machi mode" references.

The screenshots from HyperTracker, a tool for monitoring trades on Hyperliquid, paint a vivid picture of the action. Here's one showing a series of ETH long liquidations and closures:

And another capturing more details, including positions on BTC and HYPE—the native token of Hyperliquid, which some view as having meme-like volatility source:

Hyperliquid itself is an innovative Layer-1 blockchain focused on decentralized trading with low fees and high speed, and its HYPE token plays a key role in governance and staking source. But as Machi's experience shows, leveraging up to 25x can amplify gains—or losses—dramatically.

For meme coin enthusiasts, this is a stark reminder of the risks involved. Meme tokens, like BOBAOPPA or even HYPE in certain contexts, thrive on hype and community buzz but can crash just as quickly. Machi's previous $4 million loss on HYPE earlier this year underscores why diversification and risk management are crucial source. If you're diving into meme tokens, consider starting small, avoiding excessive leverage, and keeping an eye on market sentiment.

Events like this keep the crypto community buzzing, and tools like HyperTracker make it easier to track big players. Stay informed, trade smart, and remember: in blockchain, knowledge is your best defense against volatility.