BlockBeats News, on February 4, according to... Hyperinsight Monitoring According to the data, "Machi" Huang Li-cheng has deposited approximately $13.16 million into Hyperliquid since last October, without making any withdrawals during this period. Currently, the account balance is only about $60,000, with nearly every deposit resulting in losses.
The account's most recent deposit occurred on February 2nd, amounting to approximately $250,000. Immediately after, it opened leveraged long positions in ETH and HYPE and continued to roll over positions. Today, it was liquidated again. As a result, the account's funds have now declined by over $50.3 million from its peak of approximately $50.39 million in September last year. Apart from a small amount withdrawn, the majority of the loss consists of unrealized gains being reversed and liquidation losses.
"MC HotDog" Huang Li Cheng is a Taiwanese artist who previously profited from blue-chip NFTs. He became active on the Hyperliquid platform in mid-2025. Since October of the same year, he has experienced massive liquidations, and his total holdings have shrunk from over $100 million to the current level of around $100,000.