Maji Da Ge's Hyperliquid account net worth drops below 1 million dollars, with losses reaching 28 million dollars over a 5-month period

Once a well-known crypto trader holding nearly nine figures in assets, Brother Maji’s latest account status is quite sobering. According to on-chain data platform Arkham, this former high-net-worth user’s account net worth on the Hyperliquid perpetual futures platform has fallen below the $1 million mark.

From Peak to Trough: Sharp Decline in Asset Size

In just five months, Brother Maji’s account assets have plummeted dramatically. From nearly nine figures to just over a million dollars, with total losses reaching an astonishing $28 million. Such a loss magnitude is not uncommon in high-leverage markets like perpetual futures, but for an individual trader, it remains an enormous and difficult loss to bear.

Signaling the Use of Historical Treasury Funds to Maintain Positions

More notably, industry media Wu reports that to meet margin requirements for recent long positions on Hyperliquid, Brother Maji has begun using funds that have been sitting in the PleasrDAO treasury for five years. This move actually indicates that the user is reallocating long-term reserve funds to sustain current trading positions. This is generally seen as a dangerous signal—when traders are forced to activate historical funds to maintain their positions, it often means their account balances are under significant pressure.

In high-leverage perpetual futures markets, insufficient margin can lead to forced liquidation at any time. Brother Maji’s experience also serves as a reminder to other participants that while pursuing profits, risk management must not be overlooked.