Machi Big Brother adds 220K USDC to Hyperliquid, doubles down on HYPE and ETH longs
Summary
Jeffrey Huang, known as Machi Big Brother, deposited 220,000 USDC into the decentralized perpetual exchange Hyperliquid. Following the deposit, he significantly increased his leveraged long positions, holding 3,300 ETH valued over $13 million and 101,000 HYPE tokens worth nearly $5 million. This move reflects a growing trend of influential traders utilizing Hyperliquid, which features perpetual trading for assets like ETH and its native token HYPE, to build substantial positions.
(Source:Crypto Briefing)