"Big Brother Machi" Jeffrey Huang Recently Increased Long Positions, Leading to the Surrender of Over $20 Million in Previous Profits

According to Jinse Finance, Ember monitoring shows that Machi Big Brother Huang Licheng has essentially given back all of his previous $22.45 million in profits from long positions in ETH and HYPE through his recent long trades in ETH/HYPE/PUMP. Starting in mid-May, he began going long on HYPE with spot and futures at $27.5, and at the end of May, he went long on ETH at $2,654. By late July, his profits had soared to $22.45 million. However, as the market began to pull back in August, his long positions in ETH/HYPE/PUMP started to incur losses, and so far, his previous $22.45 million profit has shrunk to $3.5 million.