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Brother Maji Hyperliquid suffers a painful Get Liquidated! A loss of 46 million USD this month.
Brother Maji's Hyperliquid account was liquidated in the early hours of the 11th, having lost 46 million dollars this month, illustrating the risks of high leverage. (Background: Brother Maji's BSC released 'Diao' coin: helping everyone get rich, cutting losses on XPL, ASTER, and pumping long orders with a loss of 21.5 million dollars) (Additional background: Brother Maji suffered a staggering loss of 42 million dollars in 20 days! His account profit is down to 1 million, still holding a long position of 150 million dollars) Last night (10), the cryptocurrency market witnessed the largest liquidation tragedy in history, with Brother Maji's (machibigbrother) Hyperliquid long position also getting caught in the liquidation. According to Onchain Lens monitoring, he incurred a loss of over 14.3 million dollars in a single day, totaling 46 million dollars lost this month. Leverage could not withstand the liquidation. Data shows that Brother Maji has recently held ETH and multiple altcoin positions with high leverage. On the 10th, the market plummeted, and without replenishing margin, Hyperliquid executed a liquidation, causing a significant reversal in net worth. On-chain records show that before the liquidation, he had purchased 1.41 million $APESTR and 33,440 $PNKSTR with 3 ETH, and within three days, he used an additional 125.75 ETH to increase his position. The combination of high leverage and limited liquidity of meme coins brought the price closer to the liquidation line with each drop, ultimately triggering a chain reaction of liquidations. Related reports: Is Brother Maji endorsing Taiwan Mobile's TWEX exchange? Fraudulent ads laugh at the crypto world. <Brother Maji's Hyperliquid painful liquidation! Lost 46 million dollars this month> This article was first published in BlockTempo, the most influential blockchain news media.