Machi Big Brother Loses $8.7M on Hyperliquid Trades: A Rollercoaster Ride for the Crypto Celebrity

• From $44M Profit to $8.7M Loss: What Happened?
• Whales Hold the Line: Is XPL a Sinking Ship or a Bargain?
• The Rise and Fall of XPL: Airdrops, Tether Hype, and FUD
• Huang’s Crypto Gambles: Wins, Losses, and Liquidations
• FAQ: Your Burning Questions Answered

Taiwanese music star and crypto investor Jeffrey "Machi Big Brother" Huang is making headlines again—this time for a staggering $8.7 million loss on Hyperliquid. Just two weeks after pocketing $44 million from a Plasma (XPL) token bet, his 5x Leveraged long position has nosedived, leaving him with unrealized losses. Meanwhile, other whales are doubling down on XPL, creating a fascinating market dynamic. Here’s the full breakdown of this crypto drama.

From $44M Profit to $8.7M Loss: What Happened?

Jeffrey Huang, better known as Machi Big Brother, was riding high just 13 days ago with a $44 million profit from betting on Plasma (XPL). Fast forward to October 2025, and his Hyperliquid account tells a different story—a $8.7 million unrealized loss on the same trade. The XPL token has plummeted nearly 46%, putting his 5x leveraged position dangerously close to liquidation at $0.5366. Adding insult to injury, he’s already paid over $115,000 in funding fees to keep the trade alive. Ouch.

Whales Hold the Line: Is XPL a Sinking Ship or a Bargain?

Despite the bloodbath, Huang isn’t the only one holding firm. On-chain data reveals that 226 whale wallets have scooped up $1.16 million worth of XPL in the past week, while $3.83 million in tokens exited exchanges. One whale, "0xd80D," went all in, acquiring $31 million of XPL on Hyperliquid this Wednesday, bringing their total holdings to $40.2 million. Are these whales seeing something retail traders aren’t? Or is this just a high-stakes game of chicken?

Source: Hyperdash

The Rise and Fall of XPL: Airdrops, Tether Hype, and FUD

XPL’s initial surge wasn’t just hype—it had substance. The Plasma mainnet launch, featuring feeless stablecoin transactions and a direct Tether integration, sent the token soaring 58% in hours. Analysts called it an "asymmetric bet" on crypto’s most resilient sector. But the party didn’t last. Profit-taking by airdrop recipients and rumors linking Plasma to the controversial Blast project triggered a 40% crash from its all-time high. Now, with $90 million in XPL tokens set to unlock on October 25, the pressure is mounting.

Huang’s Crypto Gambles: Wins, Losses, and Liquidations

This isn’t Machi Big Brother’s first rodeo. Just last week, he dumped a $25 million Hyperliquid position at a $4.45 million loss after Maelstrom—BitMEX co-founder Arthur Hayes’ fund—warned about HYPE token unlocks. Meanwhile, his 15x leveraged ETH long ($1.2 million position) remains in the green with $534,000 unrealized profit. It’s a wild mix of wins and wipeouts, proving even crypto celebrities aren’t immune to market swings.

FAQ: Your Burning Questions Answered

How much has Machi Big Brother lost on XPL?

As of October 2025, Jeffrey Huang’s unrealized loss on his XPL position stands at $8.7 million. His liquidation price is $0.5366.

Why are whales still buying XPL?

Despite the downturn, whales may see long-term value in Plasma’s Tether integration and stablecoin-focused blockchain. However, the upcoming token unlock could trigger more volatility.

What’s the connection between Plasma and Blast?

Rumors suggest shared development teams, but some analysts dismiss this as FUD. Blast’s history of hacks and controversies has fueled skepticism, though Plasma’s team denies any affiliation.