Crypto Influencer Faces Significant Losses Due to Leveraged Positions

Machi, widely recognized in the crypto community as Machi Big Brother, has experienced substantial financial setbacks due to his leveraged trading strategies. According to NS3.AI, Machi holds considerable long positions on Ethereum (ETH) and HYPE tokens, utilizing 25x leverage on ETH and 10x leverage on HYPE. Despite his optimistic outlook, these high-risk trades have resulted in losses exceeding $27.9 million. The situation underscores the inherent risks associated with leveraged trading in the volatile cryptocurrency market.