Huang Licheng, the eldest brother of Maji, returned from the "King of Liquidation" to floating profits: the crypto-leveraged life behind the $58.78 million gamble! A genius gambler or the ultimate leek?

Original author：WEB3AI

Original source：https://www.youtube.com/embed/JV4TRjcAGuk

[Content Outline] Brother Maji has made a floating profit of 2.59 million after being liquidated a hundred times. He has a heavy position of 58.78 million on Hyperliquid. He has a long position of 58.78 million in Ethereum and Bitcoin HYPE. The three-line long is 40 times and 25 times the leverage. The strong leveling line is close at hand. The preset profit-taking but no stop-loss strategy is extremely risky. The macro-positive support supports short-term rebounds and is difficult to sustain. Ordinary investors should not follow the no-middle philosophy of high-leverage giant whales. Either win or be liquidated. [Content Outline] Ma Ji’s eldest brother, Huang Licheng, was a former member of the Chinese music scene LA Boyz. He successfully exited the live streaming platform 17 Media and accumulated hundreds of millions of dollars in net worth. In recent years, he has transformed into a well-known whale in the crypto market. On-chain data on April 17, 2026 showed that he held long orders in Bitcoin, Ethereum and HYPE with a total value of approximately US$58.78 million on the decentralized derivatives platform Hyperliquid, with an overall floating profit of approximately US$2.597 million, of which long Ethereum orders contributed nearly US$1.947 million. He set a profit-taking range for this: Bitcoin target is 77,000 US dollars, Ethereum is 2,420-2,450 US dollars, and HYPE is 44.888-45.5 US dollars. However, behind this floating profit is the crazy trading history of Brother Maji, who can be called the "King of Liquidations" - he has suffered more than 145 liquidations, hundreds of liquidations, and a single loss of tens of millions of dollars. When the market corrected in October 2025, he instantly turned from a profit of US$43.6 million to a loss of US$12.3 million; at the end of February 2026, the collapse of Ethereum caused his 25 times leverage long order to be liquidated, and his account was almost reduced to zero; in March of the same year, about US$30.22 million was liquidated due to violent fluctuations. He never sets a stop loss, claiming that "I never lose, I either win or get liquidated." The Hyperliquid platform he chose is known for its millisecond liquidation, which once caused his account to shrink from US$1.3 million to US$53,000. The current macro environment - rising expectations for interest rate cuts, phased easing of geopolitical conflicts, and falling US dollar index - have provided short-term support for Bitcoin and Ethereum. However, the strong leveling lines of Big Brother Moji's 40x Bitcoin long order and 25x Ethereum long order are located at approximately US$72,100 and US$2140-2180 respectively, which are only about 2.5% and 6.5% of the fluctuation space from the current price. Any moderate correction may instantly erase floating profits and trigger a new round of liquidation. His sources of capital include 17 Media’s exit proceeds, early crypto project token allocations, and the strategic realization of blue-chip NFTs. His available liquid assets are estimated to be approximately US$50 million, so he can withstand losses that ordinary investors cannot imagine. However, ordinary retail investors should avoid blindly following orders. The "magnifying glass effect" of high leverage and the lack of stop-loss discipline make Brother Maji's story more of a warning than a wealth password.