Nearly 500 liquidations later, Machi flips $152K into $12.7M
On-Chain data show that Machi Big Brother turned $152,000 into $12.72 million in just 3 days on Hyperliquid. The fresh surge in the crypto market has put the exchange’s leveraged perpetuals back in the limelight.
Hyperliquid controls a huge portion of trade leverage already. It held a perpetual futures volume of $12.19 billion on August 22 within 24 hours. This is almost 30% of the $40.79 billion volume traded by all perp decentralized exchanges that day.
In other words, when a trader handling Machi’s account reports $12 million in profits, the interest is not just on that single wallet. But rather on how much risk traders are willing to tolerate and the location of that risk.
The bet: about $103 million in longs on $12.9 million
HypurrScan data reveals the figures behind the news. Machi’s portfolio held around $12.9 million in total, consisting almost exclusively of USDC, but had about $103 million of open trades with $52.4 million in Bitcoin, $44.9 million in Ether, and $6.1 million in Hyperliquid Hype Tokens in long positions. The account was entirely net long with a margin ratio of 14.41%.
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