Crypto Whale Jeffrey Huang's Staggering $33.3M Loss Highlights Leveraging Risks

A Taiwanese celebrity and BAYC-affiliated NFT whale has seen his cumulative losses swell to a staggering $33.35 million following a series of liquidations on the Hyperliquid exchange.

The account initially boasted a cumulative profit exceeding $44 million, but market conditions shifted, triggering a cascade of margin calls that left the balance dwindling to just $30,279.

Currently, the address maintains a highly leveraged long position on Ethereum with 25x leverage and an average entry price of $2,047.62, leaving minimal room for error before another potential liquidation event.