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Maji Big Brother Hyperliquid account assets shrink, net worth drops to the million-dollar mark
According to on-chain data monitoring by Arkham, well-known crypto trader Big Brother Maji’s account on the decentralized derivatives trading platform Hyperliquid has suffered a severe blow. Its account assets have fallen below $1 million, with a total unrealized loss of $28 million. This development has reignited industry concerns over the risks of large leveraged positions.
Assets Drop from Nine Figures to Millions
According to Wu Shuo, Big Brother Maji’s situation on Hyperliquid is becoming increasingly difficult. Just five months ago, this trader’s account assets were close to nine figures, but now they have shrunk by nearly 90%. Such rapid losses highlight the high-risk nature of leverage trading in the derivatives market.
Using Historical Funds to Support Long Positions
To sustain the recent long margin positions on Hyperliquid, Big Brother Maji has mobilized funds stored in the PleasrDAO treasury from five years ago. This move indicates that the user is rallying multiple resources to maintain existing leveraged positions in hopes of recovering some losses during a market rebound. However, this adjustment in funding structure also underscores the importance of risk management.