Analytics
Machi Big Brother Net Worth: How Jeffrey Huang Became Hyperliquid's King of Liquidations
Jeffrey Huang — Machi Big Brother — was the whale everyone copied. His Hyperliquid wallet has since bled ~$75M and earned the nickname "King of Liquidations." Updated September 2026.
Key Takeaways
- Machi Big Brother is Jeffrey Huang — a Taiwanese-American musician turned high-leverage Hyperliquid trader whose net worth once topped $150M.
- His smart-money reputation has collapsed. Arkham puts his Hyperliquid losses above $80M since September 2025, and he picked up the nickname "King of Liquidations."
- His net worth has collapsed to a few million. Arkham put his tracked holdings near $3.9M as of September 10, 2026 — almost all of it Hyperliquid margin backing far larger leveraged longs.
- He is not wiped out — he is unpredictable. He survived repeated near-liquidations and still swings tens of millions in notional, so his wallet now flags volatility, not a smart-money signal.
- He is now promoting a fake-airdrop meme coin. In September 2026 he pushed a Solana token tied to a "Hyperliquid Season 3" airdrop that Hyperliquid never announced.
Who Is Machi Big Brother?
Machi Big Brother is Jeffrey Huang, a Taiwanese-American musician turned crypto whale. Huang co-founded Mithril and the Formosa Financial project, collected Bored Ape NFTs at scale, and built an early smart-money reputation. As of September 2026, Huang trades high-leverage perpetuals on Hyperliquid, where his wallet is publicly tracked.
Huang made his name early. He was a founder people watched, an NFT collector with deep pockets, and later a perp trader whose entries got copied on sight. His wallet is public and easy to track today. For years, "what is Machi buying" was a real signal, and "what is Jeff Huang buying" moved markets. That no longer works: the name remains, but the trades behind it have lost their weight.
When Whales Become Yield
Hyperliquid runs every position on a public ledger. That design turns a famous wallet into a target. When a big trader over-leverages, the market can see the liquidation price and lean on it. The whale stops being a predator and becomes prey.
Since September 2025, Huang has lost more than $80M on Hyperliquid across nearly 500 liquidations, according to on-chain trackers — earning the nickname "King of Liquidations." Each forced close fed fees to the protocol's liquidity pool. His losses became someone else's yield. That is the mechanism this piece unpacks.
A Forensic Audit of the 2026 Portfolio
As of September 10, 2026, Arkham valued Machi Big Brother's tracked holdings at roughly $3.9M — almost all of it sitting as margin on Hyperliquid, with only dust in spot tokens. His withdrawable balance reads $0, because that equity backs open leveraged longs worth far more than the account itself. The old "$50–80M" Machi Big Brother net worth range no longer describes the trackable account.
The trajectory is a downgrade from blue-chip to dust. Arkham's entity tracker now values the whole account in the low single-digit millions, down from a 2022 peak reportedly around $150M, when his holdings were anchored by Bored Ape and Mutant Ape NFTs. Those blue-chips were liquidated long ago. What remains on the token side is thin.
DropsTab data indicates that $MACHI, Huang's own Blast token, has stopped trading entirely as of September 10, 2026. The "liquidity cliff" flagged in early 2026 resolved the simple way: the token went dead. His other named token, $BOBAOPPA, still trades as a low-cap Solana meme with DEX-only liquidity on Meteora and Raydium, per DropsTab data (September 10, 2026). Price trackers disagree on its value by a wide margin, so no reliable market cap can be stamped.
The real weight sits in leverage: as of September 10, 2026, Machi Big Brother's Hyperliquid account ran roughly $84M in gross long notional on under $4M of equity — still north of 20x effective leverage. Two positions carry almost all of it, and the book turns over fast: a BTC long open that morning was already gone by midday.
| Position | Size | Leverage | Notional | Liquidation price |
|---|---|---|---|---|
| ETH long | ~32,000 ETH | 25x | ~$77M | ~$2,365 |
| HYPE long | ~86,000 HYPE | 10x | ~$7M | ~$62 |
| Source: Hyperliquid on-chain data, snapshot September 10, 2026. | ||||
Arkham, September 8, 2026: the same account was long roughly $103M at 20x — about $83.8M in ETH and $19.7M in HYPE — after its $8M BTC long was closed and its value slid to $5.12M in a day. Two days later the HYPE leg had already been cut to around $7M. The book turns over fast.
The ETH long is the whole story: more than 90% of his notional at 25x, with a move to roughly $2,365 enough to wipe it out.
Anatomy of an $80M+ Hyperliquid Meltdown
Jeffrey Huang's losses trace to a Martingale pattern — doubling down after each loss to force an average back into profit. On a public ledger with visible liquidation prices, that style breaks down. Since September 2025, on-chain trackers tally more than $80M lost across nearly 500 liquidations, including 262 in January 2026 alone.
The first big rupture came in October 2025. Huang was up around +$44.5M in unrealized profit on an ETH long. He kept adding. An adverse move liquidated roughly $79M of size and flipped that gain into a realized deficit. One event erased months of paper wins.
January 2026 was worse in frequency. Trackers logged 262 liquidations that month — close to nine a day. The pattern peaked on January 28. Around 144,000 USDC of margin was liquidated, and Huang re-deposited about 249,000 USDC within hours to keep the trade alive. That is the Martingale reflex in real time: add, get hit, add more.
Here is where the "whales become yield" thesis pays off in numbers. Hyperliquid's HLP vault absorbs liquidations and collects the associated fees. In an early-February 2026 snapshot, HLP printed a headline 118% annualized return over the prior month, boosted by exactly this kind of forced flow. That figure did not last — HLP has since run closer to a ~15–30% APR range, per DeFiLlama. Depositors earned while Huang bled.
His all-time realized perp PnL on this trading wallet sits near −$30M as of September 10, 2026, and Arkham puts his total Hyperliquid losses above $80M since September 2025.
After being liquidated hundreds of times, Huang has repeatedly clawed a near-empty account back into the millions.
Lookonchain, August 2026: after nearly 500 liquidations, Huang turned about $152K back into $12.72M in three days — the survivor streak that keeps his longs funded.
Historical Controversies
Jeffrey Huang's on-chain record predates Hyperliquid. It includes the 2018 Formosa Financial raise of roughly 44,000 ETH flagged by investigator ZachXBT, a defamation suit Huang filed in 2022 and later withdrew, and the 2020–21 Cream Finance exploits during his association with that protocol.
In 2018, the Formosa Financial ICO raised roughly 44,000 ETH. ZachXBT later documented about 22,000 ETH flowing out to a cluster of wallets, including ones he tied to Binance deposits (~10,500 ETH) and to individuals named Bun Hsu (~4,980), Czhang Lin (~2,000) and Harrison Huang (~1,997). Huang disputed the framing.
Huang filed a defamation suit against ZachXBT in 2022 over the reporting. He withdrew it in August 2023. Separately, Cream Finance — a protocol Huang was publicly associated with — suffered three exploits across 2020–21 that drained more than $180M. None of this was resolved in Huang's favor in a way that restored trust.
A Volatility Signal, Not Smart Money
Jeffrey Huang is not "finished" — he still swings tens of millions in leveraged notional, still sits near the top of Hyperliquid's trader leaderboard, and has survived repeated near-liquidations. But his wallet is now a volatility signal, not a smart-money signal. Copying his trades means copying a leveraged degen whose credibility has collapsed, in a market built to hunt exactly his kind of position.
The market moved past the lone-whale era. Disciplined smart money and algorithmic desks now set the tone. Hyperliquid itself grew beyond a crypto casino. As of February 1, 2026, analyst Will Clemente noted its open interest was equal to roughly 1.5% of CME silver futures.
Will Clemente, Feb 1, 2026: Hyperliquid's open interest was already running at roughly 1.5% of CME silver futures — a sign the venue draws flow well beyond crypto speculation.
The fresher proof is HIP-4: Hyperliquid's Outcome (prediction) markets shipped to mainnet on May 2, 2026. Hyperliquid then opened HIP-4 to permissionless third-party deployment on August 29, 2026, and its first market cleared roughly 6 million contracts within a day. HYPE had rallied more than 20% on the HIP-4 announcement of February 2, 2026 — a rally that has already played out.
His largest position — a roughly 32,000 ETH long at 25x — carries a public liquidation price near $2,365 as of September 10, 2026. Any trader can read that number straight off the ledger and press it. In a venue where the whole book is visible, a predictable over-leveraged whale is a liability to himself.
The Season 3 ($S3) Meme Pivot
In September 2026, Huang began promoting a Solana meme coin called "Season 3" ($S3), riding a "Hyperliquid Season 3" airdrop narrative. Hyperliquid never announced any Season 3 airdrop. Huang made the pitch himself, and pre-empted the obvious question in the same breath:
Machi Big Brother, September 7, 2026: "Everyone is waiting for Hyperliquid Season 3 airdrop. No need to wait. Ape $S3 because it distributes $HYPE to holders. I'm not the dev but this is the $HYPE backed runner."
The token is thin: total liquidity sits around $500K, and pools disagree on its price by more than 60%. It is not listed on DropsTab. A trader once treated as gospel now amplifies a fake-airdrop meme.
So the wallet is still worth watching — just for the opposite reason it used to be. It is a gauge of how much volatility one over-leveraged account can survive, not a lead to follow.
How to Track Machi Big Brother's Wallet
Machi Big Brother trades from the public Hyperliquid wallet 0x020ca66c30bec2c4fe3861a94e4db4a498a35872. Anyone can watch this address on-chain, since Hyperliquid settles every position on a transparent ledger. Drops Bot sends live Telegram alerts whenever the wallet opens, adds to, or closes a position, so followers see each move in real time.
There are two ways to follow him, and neither needs a terminal or a paid dashboard. The fastest is one tap: the Drops Bot button below adds his wallet for you. Prefer to set it up by hand? Drops Bot tracks any wallet inside Telegram — start with the address below.
0x020ca66c30bec2c4fe3861a94e4db4a498a35872
- Start Drops Bot in Telegram and open wallet tracking.
- Choose "Add wallet" and paste the address above.
- Name it "Machi Big Brother" so alerts are easy to read.
- Pick which events to watch — opens, adds, closes, and liquidations.
Watch Machi's Wallet in Real Time with Drops Bot Alerts
Machi's positions settle on a public Hyperliquid ledger, but refreshing an explorer by hand means you always see the move after it happens. Drops Bot closes that gap: it watches the address inside Telegram and pings you the moment the wallet opens, adds to, closes, or gets liquidated on a position — no terminal, no paid dashboard, no login. One tap adds his wallet, and the next near-liquidation reaches you live.
Add Machi Big Brother's wallet to Drops Bot in one tap →
This is a forensic read of public on-chain activity, not financial or investment advice. Copying any trader's positions carries the risk of total loss. DYOR.