PANews March 2 News, according to Arkham statistics, “Big Brother Ma” Huang Licheng has lost $74 million over the past six months — he has been trying to leverage long Ethereum since September last year when the price was $4,700. Now, he has only $8,500 left in his HL account, suggesting he has almost lost all his money.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
$1.8 Billion Ethereum Buying Could Undo 9% Price Correction This Week
The essay analyzes recent trends in the cryptocurrency market, highlighting factors contributing to market fluctuations and recommending specific meme coins and altcoins to monitor.
BeInCrypto9m ago
Huang Licheng's Leveraged Trading Disaster: From Peak $44 Million Profit to Just $30,000 Remaining, 335 Liquidations in Half a Year
Cryptocurrency trader Jeffrey Huang experienced massive losses over six months on the Hyperliquid platform, declining from $44 million to approximately $30,000, with 335 liquidations. He recently re-entered the market, purchasing $11.5 million in Ethereum, but the risks remain substantial, reminding investors to note the double-edged nature of leveraged trading and the importance of risk management.
GateNews20m ago
BitMine Chairman Tom Lee: Ethereum's Bear Market Nearing its End, ETH Price Faces Test Amid Current Situation
BitMine Chairman Tom Lee believes Ethereum may be at the tail end of the cryptocurrency winter. The company has recently increased its ETH purchases, demonstrating strong safe-haven characteristics. He is optimistic about the passage of the Clarity Act, which he believes will help improve Ethereum's fundamentals. Ethereum is currently trading at $2,138, though geopolitical tensions remain a source of uncertainty.
GateNews28m ago
NYSE Withdraws "Cryptocurrency ETF Options" Position and Exercise Limits, Opening Wide Operating Space for Institutions
NYSE Arca and NYSE American, subsidiaries of the New York Stock Exchange, submitted rule change applications to the U.S. SEC to remove position and exercise limits on Bitcoin and Ethereum spot ETFs, marking that all major options exchanges have completed this adjustment. The new rules allow cryptocurrency ETFs to be used in customized options trading, enabling institutional investors to execute more flexible hedging strategies with profound implications for market liquidity.
区块客34m ago
Aave v4 Receives Near-Unanimous DAO Approval, Ethereum Release Imminent
Aave Protocol's upcoming v4 version passed by an overwhelming majority in the DAO vote, laying the foundation for its launch on Ethereum. The new version will improve capital efficiency, provide customized lending markets, and prioritize security, marking a significant upgrade for Aave in the DeFi space and is expected to attract more attention from users and institutional investors.
GateNews40m ago