Seeing the latest data on Brother Maji's account on Hyperliquid was quite shocking. According to Arkham's monitoring, this trader's account net worth has fallen below $1 million, with total losses reaching $28 million. Just five months ago, Brother Maji's assets were close to nine figures, and now the gap is really significant.

What’s even more heartbreaking is that to maintain the margin for his recent long positions on the HL platform, Brother Maji has started to use funds from the PleasrDAO treasury that he deposited five years ago. This indicates that the situation has become quite tense, forcing him to dip into earlier assets to cover the holes. From the peak to now, the cost of Brother Maji’s recent moves has been substantial.

This also highlights how risky derivatives trading can be. Leverage amplifies gains but also magnifies losses, especially during highly volatile market conditions. Brother Maji’s case serves as a warning to many.