In the ever-volatile world of cryptocurrency trading, few names stand out like Machi Big Brother. Known for his bold moves in NFTs and meme coins, this********** trader—real name Huang Licheng—has been making headlines again with his leveraged positions on the Hyperliquid platform. A recent post from Onchain Lens highlights how he's capitalizing on the latest market surge.

According to the update on X, Machi's floating profits have crossed $600,000 on his long positions in Ethereum (ETH) at 25x leverage and HYPE at 10x leverage. For those new to the lingo, a "long position" is essentially a bet that the asset's price will rise. Leverage multiplies your exposure—25x means for every $1 you put in, you're controlling $25 worth of the asset. It's high-reward but high-risk, as losses can wipe you out quickly.

The dashboard from HyperTracker shows Machi holding significant amounts: about 4,550 ETH valued at over $13 million, 96,000 HYPE worth around $3.3 million, and a smaller BTC position. His average entry prices suggest he's well-positioned as prices climb. HYPE, the native token of the Hyperliquid decentralized perpetuals exchange, has meme-like appeal with its rapid price swings, fitting right into the meme token ecosystem we cover here at Meme Insider.

But Machi isn't stopping there. The post reveals he's just opened a BTC long with 40x leverage—a daring play in a market where Bitcoin's price can swing wildly. The tweet mentions he "needs $19.6M for breakeven," which likely refers to the total position value or a key threshold amid his overall portfolio. Hyperliquid, a popular spot for perp trading (perpetual futures contracts that don't expire), allows traders like Machi to amp up their bets without owning the underlying assets.

This isn't Machi's first rodeo on Hyperliquid. Recent reports show he's been actively adjusting his positions. For instance, just days ago, he added to his ETH and HYPE longs amid a brief market dip, bringing his total exposure to around $16 million. Earlier in October, he deposited 220K USDC to bolster his bets, increasing his ETH holdings to over $13 million and HYPE to nearly $5 million. He's even faced partial liquidations, like in early November when his assets dipped to $14.85 million after some market pressure.

Over the past couple of months, Machi has seen massive swings. At one point, his profits hit up to $22.45 million from HYPE and ETH longs, according to onchain data. But crypto being crypto, he's also booked losses, like a $4.45 million hit when exiting a $25 million HYPE position in September, as noted in this analysis.

What does this mean for meme token enthusiasts? HYPE's involvement underscores how platform tokens with community hype can behave like memes, offering explosive gains for savvy traders. Machi's strategies highlight the thrill and peril of leveraged trading in the blockchain space. If you're looking to dive into similar plays, always remember: do your own research and consider the risks—liquidation can happen fast.

Stay tuned to Meme Insider for more onchain insights and meme token updates. Whether it's tracking whale moves or breaking down the next big hype, we've got you covered.