Machi Big Brother Wiped Out on Hyperliquid After $12M Run

Machi Big Brother’s Hyperliquid trading account fell to about $21,800 on October 15 after a series of liquidations wiped out most of a fortune that had climbed from roughly $56,000 to $12.25 million in four months.

The collapse followed another round of Ethereum price declines, leaving the trader with a fraction of his previous balance after repeated attempts to cut losses and keep positions open.

Machi’s $12.25M Trading Run Ends in Liquidation

Blockchain tracker Lookonchain documented the account’s decline in two posts on October 15. In its first update, published just before the liquidation report, it noted that Machi was closing positions as the market fell in an effort to reduce losses and avoid forced closure.

“His account is now down to just $129K,” the tracker wrote.

That attempt did not prevent a further collapse. An hour later, Lookonchain reported that Machi had been “fully liquidated,” with his remaining account value falling to $21,800.

Hypurrscan data for the wallet identified as Machi Big Brother’s showed four recent liquidation transactions involving ETH-USD perpetual futures with the transactions covering positions of 380 ETH at $2,379, 270 ETH at 2,374, 200 ETH at $2,355, and 800 ETH at $2,331.

The displayed values of those positions ranged from roughly $471,000 to $1.87 million. They were recorded within minutes of one another as the account was being liquidated. The account-value chart traced the scale of the reversal, showing an initial balance of about $56,132 on June 25, followed by a climb to nearly $12.5 million before the subsequent fall.

A Familiar Pattern of High-Leverage Trading

This is not the first time the trader has suffered heavy losses on Hyperliquid, a decentralized exchange that supports leveraged derivatives trading. Public blockchain trackers have documented hundreds of liquidations tied to the account, with losses running into tens of millions of dollars.

The scale of Machi’s repeated losses becomes clearer when viewed against earlier account snapshots. For example, in February this year, on-chain data showed his holdings going from close to nine figures to $28 million in the red in just five months.

A month later, Akham reported that his losses across the preceding six months had reached $75.19 million, after he had previously been up $44.84 million. In May, the tracker reported another major setback, with $545,000 lost in 24 hours and cumulative perpetual-future losses reaching $77.32 million.

However, there have been recoveries between those setbacks, including on June 15, when the same Arkham reported that Machi’s account was worth $1.2 million, with a leveraged ETH long above $20 million showing a profit of just over $1 million following news of a US-Iran peace deal.

The trader has also faced substantial losses outside perpetual futures. In August, he proposed buying Friend.tech for $1 million and relaunching its FRIEND token, of which he had bought 11 million units for about $16.7 million, only to see their value drop to less tha $500,000.