Trader Huang Licheng Closes Part of 25x ETH Long, Opens 10x HYPE Position

Trader Huang Licheng ("Machi Big Brother") closed part of a 25x leveraged long position on ETH for profit on Jan. 2, HyperInsight data cited by BlockBeats show. He now holds 8,000 ETH valued at $24.24 million with unrealized gains of $405,000 and a liquidation price at $2,865.24. The same address has opened a new 10x leveraged long on HYPE, currently holding 11,888.88 HYPE worth $290,000 at an entry price of $24.69 per token.