Brother Majie Profits Over $2.1 Million in Just One Week from Long Positions in Ethereum and HYPE

According to on-chain data analysis platform Lookonchain, Ma Ji Da Ge Huang Li Cheng made over $2.1 million in profit within a week on the decentralized derivatives trading platform Hyperliquid.

Lookonchain pointed out on Friday via the social media platform X that Huang Li Cheng began funding his Hyperliquid account on May 16, depositing a total of $6.04 million. He then executed seven long trades involving Ethereum (ETH) and Hyperliquid’s platform token HYPE, all of which were profitable, netting him $669,600.

Subsequently, he invested all the funds in his account ($6.7 million) to purchase 218,866 $HYPE tokens and staked them, with an average buying price of $30.63. As $HYPE has continued to rise recently, the value of this batch of $HYPE has increased to $8.2 million, indicating that Huang Li Cheng achieved over $2.1 million in profit within a week.

May 24, 21:50 Update:

However, Huang Li Cheng’s investment operations have not always been smooth sailing. In the past, he made significant bets on several emerging cryptocurrency projects but faced substantial losses. According to a previous report by Zombit, he spent a total of 5,211 ETH in 2024 to purchase 11.16 million native tokens of Friend.Tech, FRIEND. Unexpectedly, the team behind the social platform suddenly relinquished control of the smart contract, causing the price of FRIEND to plummet, and Huang Li Cheng’s holdings shrank to 278 ETH at that time, resulting in an unrealized loss exceeding $15 million.

Moreover, reports indicate that Huang Li Cheng also made heavy bets on the NFT market’s token BLUR from Blur, as well as the token BLAST from the Ethereum Layer 2 network Blast, suffering losses of approximately $3.16 million and $1.5 million, respectively, in July of last year. Both Blur and Blast were founded by Pacman.

Related Reports:

• “On-chain giant shorting HYPE suffers a bloodbath, realizing losses of $23.52 million”
• “Friend.Tech development team relinquishes control of the contract! FRIEND token plummets, causing Ma Ji Da Ge to turn pale”
• “Ma Ji Da Ge sues on-chain detective for defamation, ZachXBT seeks community assistance to raise legal fees”