In the fast-paced world of crypto trading, big moves by influential players often hint at broader market trends. Recently, Onchain Lens spotlighted a notable shift by Machi Big Brother, a well-known crypto whale famous for his NFT collections and bold trades. As the market shows signs of upward momentum, Machi has begun closing his highly leveraged long position on Ethereum (ETH) and redirecting focus to a new bet on HYPE, the native token of the Hyperliquid platform.

Machiの戦略的ピボットの解説

According to the tweet from Onchain Lens, Machi is trimming his 25x leveraged long on ETH, locking in profits as prices climb. Leveraged trading, for those new to it, allows traders to amplify their positions using borrowed funds—in this case, 25 times the initial investment—which can lead to massive gains (or losses) based on market movements.

The data, pulled from Hyperbot, shows Machi partially closing his ETH positions. Screenshots reveal a series of "Close Long" transactions on ETH-USD perps, with amounts ranging from small tweaks to larger chunks, totaling significant value. For instance, one closure netted over $50,000 at a price of around $4,095 per ETH equivalent.

Interestingly, these closures interact with "HIP-2," which stands for Hyperliquid Improvement Proposal 2. HIP-2 is an on-chain mechanism on the Hyperliquid L1 blockchain that provides automated liquidity for new tokens, ensuring smooth trading without traditional market makers. It's part of what makes Hyperliquid a hotspot for emerging assets, including many meme tokens launched via their HIP-1 standard.

Betting on HYPE: What's the Buzz?

With ETH profits in hand, Machi has opened a 10x leveraged long on HYPE. Hyperliquid, a decentralized Layer-1 blockchain specialized in perpetual futures (perps) and spot trading, has its native token HYPE powering the ecosystem. Priced around $36-38 USD recently (as per CoinMarketCap), HYPE has seen impressive growth, ranking in the top 20 by market cap with over $10 billion.

Why HYPE? Hyperliquid's platform is designed for high-speed, low-fee trading, and its innovations like HIP-1 (for permissionless token deployment) and HIP-2 (hyperliquidity) have made it a breeding ground for meme tokens. Think of it as a turbocharged DEX where new memes can launch with instant liquidity, attracting traders chasing viral pumps. Machi's move could signal his belief in Hyperliquid's role in the next wave of meme mania, especially as the broader market heats up.

Who is Machi Big Brother?

If you're not deep in crypto circles, Machi Big Brother (@machibigbrother) is a pseudonymous********** trader and investor who's made waves in the space. He's best known for amassing a massive collection of Bored Ape Yacht Club (BAYC) NFTs during the 2021 bull run, earning him the "Big Brother" moniker. His wallet, 0x020cA66C30beC2c4Fe3861a94E4DB4A498A35872, is closely watched for insights into whale behavior. Moves like this one often influence retail traders, as they interpret them as insider signals.

Implications for Meme Tokens and the Market

This shift comes at a time when Ethereum is pushing new highs, potentially driven by institutional interest and tech upgrades. By rotating into HYPE, Machi might be positioning for growth in the perp trading sector, where Hyperliquid excels. For meme token enthusiasts, Hyperliquid's ecosystem is key—its tools enable quick launches of fun, community-driven tokens with built-in liquidity, reducing the rug-pull risks common elsewhere.

If you're trading memes or perps, keep an eye on platforms like Hyperliquid. Tools like Hyperbot make it easier to track whales like Machi, giving you an edge in this volatile game.

What do you think— is HYPE the next big thing in the meme space? Share your thoughts in the comments below, and stay tuned to Meme Insider for more onchain insights.