On September 30, COINOTAG News cited on-chain data analyst Yu Jin, reporting that after multiple rounds of scaling up, trader “Brother Ma Ji” Huang Licheng holds the largest long positions on Hyperliquid for both ETH and XPL.
Reported positions include a 30,780 ETH long (notional ~$128M, open price $4,278, liquidation $3,815), a 26.55M XPL long (notional ~$29.9M, open price $1.40, liquidation $0.67), and 410,000 HYPE longs (notional ~$18.47M, open price $44.40, liquidation $17.40).
These figures indicate significant concentrated long exposure on Hyperliquid; market participants should note the liquidation thresholds and overall position sizes when assessing counterparty and margin risk in derivatives markets.