Coin World News reports that Maji Huang Licheng opened a new position of 16,300.00 tokens on the HYPE platform, with an entry price of $70.74. The current coin price is $70.63, the liquidation price is $31.28, and the position size is approximately $1,151,285.30. The trader previously profited from blue-chip NFTs, but since October has suffered massive drawdowns one after another, with funds shrinking from over $100 million to several hundred thousand dollars.

HYPE-1.49%
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TvlDownBad
· 4h ago
A liquidation price of 31 bucks, if the wick really goes down there, that $1.15 million will evaporate in an instant, and the profits from the NFTs will all be used to fill the pit.
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RetroRadioIridescence
· 4h ago
Machi opened this position a bit boldly, HYPE at over $70, liquidation price directly halved, really going all in on a big bet.
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OldBlackVelvetKey
· 4h ago
From over a hundred million to hundreds of thousands, still daring to open a million position, I admire this mental fortitude.
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