Machi's Huang Licheng Adds $7.35M to ETH Long Position, Now Holds $15M

According to Hyperinsight monitoring, on January 28, Machi's Huang Licheng deposited approximately $225,000 into Hyperliquid and has since been rolling over both the initial capital and unrealized gains into additional ETH long positions. He has accumulated a total of 2,450 ETH, valued at approximately $7.35 million.

Significant Increase in Position Size

Following the recent trades, his 25x leveraged ETH long position has increased from 2,800 ETH to 5,250 ETH, now worth around $15.77 million. He currently holds unrealized gains of about $300,000, representing a 49% return. His average entry price has risen to $2,944.71, with a liquidation price at $2,716.71.

From NFT Gains to ETH Positions

Huang initially gained attention for his profits in blue-chip NFTs. However, since October, his portfolio has faced significant drawdowns, with his account balance dropping from over $100 million.