Hyperliquid Account Experiences Significant Decline in Value

On February 17, the value of the Hyperliquid account, known as 'Maji,' has dropped to $1 million, according to BlockBeats. Just five months ago, the account was valued at over $50 million. Notably, recent funds for replenishing the account came from the PleasrDAO treasury, which 'Maji' deposited five years ago, suggesting that available liquid funds may be nearly exhausted. In the past 12 hours, 'Maji' has continued to slightly increase long positions, with the current total position valued at approximately $15.87 million.