Huang Licheng, the "Machi Big Brother" who added to his long position in the early morning and then cut his losses, has seen his overall losses expand to $18.5 million.

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MarsBit
08-02
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Mars Finance News, on August 2nd, according to on-chain analyst Ai Yi (@ai_9684xtpa)'s monitoring, Machi Big Brother Huang Licheng conducted a small round of position increase (long positions) for ETH, HYPE, and PUMP during the rapid market decline between 0:00 and 4:00 AM today. After a short rebound at 5:00, he chose to cut losses when the market further declined; currently, he still has remaining positions with a total value of $149 million, among which ETH's unrealized loss has almost equaled PUMP's, exceeding $6 million, with the overall unrealized loss expanding to $18.5 million.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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