Odaily Planet Daily reports that Huang Licheng, known as "Maji Big Brother," has responded to recent claims that his investment portfolio returned 84 times its value, stating that the report is false. Previously, it was rumored that he capitalized on last week’s one-sided rally in the crypto market, leveraging approximately $150,000 into about $11.15 million, recovering roughly $11 million in gains. Over the past 10 months, his long positions in ETH had accumulated losses of approximately $35 million; after this recent gain, his total historical loss has been reduced to about $24 million. On-chain data previously indicated that his cumulative historical losses still remained in the tens of millions of dollars.
Maji Denies Rumors of 84x Investment Returns
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Summary
Maji’s Huang Licheng has denied claims of an 84x return on his investment portfolio. On-chain data shows his long ETH positions resulted in $35 million in losses over 10 months; recent gains have reduced the loss to $24 million. Earlier reports had claimed a $150,000 position grew to $11.15 million, but on-chain analysis reveals cumulative losses remain in the millions.
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