ETH Trader Huang Lizheng (Brother Ma Ji) Faces $13.5M Loss After 25x Leverage on HyperLiquid

COINOTAG News, citing OnchainLens monitoring, reported on October 22 that a trader nicknamed “Brother Ma Ji” Huang Lizheng deposited $200,000 in USDC into the HyperLiquid protocol to bolster collateral and lifted an ETH position to approximately 2,500 ETH, using around 25x leverage. The position currently registers an unrealized loss near $250,000, underscoring the risk profile of highly leveraged DeFi bets.

Subsequently, the trader closed the HYPE (10x) long, realizing a loss of about $123,000. Despite this adjustment, on-chain data indicate an overarching exposure that equates to roughly $13.5 million in losses, illustrating the challenges of risk management in volatile crypto markets and the value of real-time on-chain data for monitoring collateral shifts and liquidation risk.