Machi Big Brother Becomes the Largest On-Chain ETH Bull, Suffers $2M Loss in Drawdown

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Machi Big Brother remains the largest on-chain ETH bull, holding 41,000 ETH ($100.01 million) as of August 29, according to on-chain data. On-chain analysis shows he recently liquidated part of his position, incurring a $1.96 million loss. His wallet also holds 75,000 HYPE ($6.03 million) and 45 BTC ($3.5 million).

BlockBeats report, August 29: According to TradingBeats (formerly Hyperinsight), the address of "Maji Big Brother" Huang Licheng currently holds approximately 41,000 ETH, valued at around $100 million, making it the largest on-chain ETH long position. As the market retraced, Machi closed part of his ETH long position about 7 hours ago, incurring a loss of approximately $1.96 million.


Its current wallet holdings primarily include: 41,000 ETH (approximately $100.01 million), 75,000 HYPE (approximately $6.03 million), and 45 BTC (approximately $3.5 million).

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