In the wild world of crypto trading, few stories capture the highs and lows quite like that of Machi Big Brother. If you're new to the scene, Machi—real name Jeffrey Huang—is a********** music celeb turned crypto whale. He's made headlines for his bold moves in NFTs, tokens, and now, some seriously painful trades on Hyperliquid, a decentralized exchange for perpetual futures. Think of perps as leveraged bets on crypto prices without owning the actual asset.

A recent post from on-chain sleuths at Lookonchain highlights just how deep Machi's commitment (or obsession?) runs. He deposited another 115K USDC—that's USD Coin, a stablecoin pegged to the US dollar—into Hyperliquid to keep his long position on ETH alive. Longing means he's betting Ethereum's price will climb, using leverage to amplify gains... or losses.

Since the market dip on October 11, Machi has funneled a whopping 6.96M USDC into the platform. The result? Nearly all of it wiped out, contributing to over $20M in total losses. Ouch. This isn't just a bad day at the office; it's a series of liquidations—when your leveraged position gets force-closed because losses eat into your collateral.

Diving deeper, data from sources like The Street shows Machi has been liquidated a staggering 145 times since that October crash. That puts him in the top three most-liquidated "degens" (short for degenerate gamblers, a tongue-in-cheek term for high-risk traders) on Hyperliquid. His persistence is legendary, but so are the burns.

This saga ties right into the meme token ecosystem, where degen trading fuels the hype. Machi's antics have even inspired "Machi Mode" on Aster, a feature that rewards traders for getting liquidated—turning losses into a gamified meme. As reported by OpenExO, it's a nod to his top-spot on Hyperliquid's liquidation leaderboard with 71 hits since November 1.

But why does this matter for meme insiders? In the volatile realm of meme coins and tokens like XPL, ASTER, and PUMP—where Machi has also taken hits—stories like this remind us of the fine line between moonshots and craters. Huang's positions, including a 25x leveraged ETH long with unrealized losses creeping up, show how even whales can get rekt.

For blockchain practitioners eyeing the latest tech news, Hyperliquid's rise as a go-to for perps highlights advancements in DeFi. Yet, Machi's tale is a cautionary one: leverage amplifies everything, and market crashes don't discriminate.

If you're tracking on-chain action, check out the original Lookonchain tweet for the raw data. And remember, in crypto, DYOR—do your own research—before diving in. What's your take on Machi's strategy? Is he a degen hero or a warning sign?