In the wild world of crypto trading, where fortunes can flip faster than a meme goes viral, Machi Big Brother—known on X as @machibigbrother—has just hit another rough patch. According to a recent post from Onchain Lens, Machi's latest attempt at a leveraged long position on Ethereum (ETH) has been completely wiped out on HyperLiquid, a decentralized perpetual futures exchange.
For those new to the scene, a "long position" means betting that the price of an asset like ETH will go up. Leverage amplifies your gains (or losses) by borrowing funds— in this case, Machi was using 25x leverage, which is like playing with fire in a volatile market. HyperLiquid is a platform built on blockchain tech that allows for these high-stakes trades without traditional intermediaries.
The saga started when Machi, after a previous full liquidation, decided to jump back in with a fresh ETH long. Onchain Lens first reported this reopening:
After being completely liquidated, Machi (@machibigbrother) has reopened an $ETH long position with 25x leverage.
hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872
But as ETH's price dipped, things went south quickly. The follow-up post from Onchain Lens paints a grim picture:
The long position opened by Machi (@machibigbrother) has been completely liquidated once again.
He was once making over $44M+, now down over $15.017M+, and is now left with just $1,718 on #HyperLiquid.
Do you think he should stop now?
hyperbot.network/trader/0x020ca66c30bec2c4fe3861a94e4db4a498a35872
This isn't Machi's first rodeo with big losses, but it's a stark reminder of the risks in leveraged trading, especially in the meme token and crypto space where hype can drive prices sky-high or crash them in an instant.
Breaking Down the Liquidation
Looking at the trade history shared in the post, we see a series of market order liquidations closing out long positions as ETH's price fell. Each entry shows the time, price, size, and the painful closed PNL (profit and loss) in red—cumulating to that massive $15M+ hit.
Post-liquidation, Machi's account on HyperLiquid tells the full story: a meager $1,718.29 left in total value, with a staggering -$15,017,880.63 in overall PNL. The chart shows a sharp green peak turning into a red nosedive, highlighting how quickly things can unravel.
Community Reactions and Lessons Learned
The X community didn't hold back. Replies ranged from sympathetic "Brutal journey...." to outright laughs with "Lmfao" and even a speculative take: "Sometimes it looks like these ppl had just luc all the way up.. ( its not like this for machine.. i know )". One user dropped a GIF, probably capturing the collective facepalm moment.
For meme token traders and blockchain enthusiasts, this event underscores key lessons:
- Leverage is a double-edged sword: While it can multiply wins, it can also lead to total wipeouts if the market moves against you.
- Volatility in crypto: ETH, often tied to meme token ecosystems via DeFi and NFTs, can swing wildly—especially around events like elections or market news.
- Onchain transparency: Tools like Hyperbot make it easy to track whale movements, turning personal trades into public spectacles.
If you're diving into meme tokens or leveraged plays, always DYOR (do your own research) and consider risk management strategies like stop-losses. Machi's story might inspire some to chase big wins, but it's also a cautionary tale.
Stay tuned to Meme Insider for more onchain insights and meme token updates. What's your take—should Machi call it quits? Drop your thoughts in the comments!