The amount in the tracked trading account of Machi, who turned $56,000 into $12.25 million in four months, fell to $21,800 after all of his positions were liquidated.
On-chain data platform Lookonchain reported that all positions held by the investor known as Machi, who uses the @machibigbrother account on social media, were liquidated. The account data shared showed that after a major four-month rally, the balance had fallen below its starting amount.
From $12.25 million to $21,800
Through trading, Machi had turned $56,000 into approximately 220 times that amount, reaching $12.25 million. The account now has just $21,800 left.
Based on these figures, the decline from the $12.25 million level exceeds 99%. The remaining amount is also about 61% below the initial $56,000. As a result, the entire gain made over four months was erased, while a significant portion of the starting amount was also lost.
Not investment advice.