All of the crypto investor known as Machi’s positions on Hyperliquid were closed in eight liquidations over six hours, leaving just $1.50 in his account.
On October 30, the on-chain data platform Lookonchain reported in a post that Machi had been liquidated eight times over the previous six hours. The post said the investor woke up to find just $1.50 in his Hyperliquid account.
All of Machi’s open positions were closed
Following the successive liquidations, all positions in the tracked account were closed. Liquidation occurs when the collateral in a leveraged trade is insufficient to maintain the position, forcing it to close.
Machi has previously made headlines for his leveraged trades and losses. In our previous report, we covered how the investor sold his NFTs to fund leveraged trades and lost more than 1,000 ETH in six months. The latest development is that this time, all of his open positions on Hyperliquid were closed through liquidation.
The reported $1.50 balance belongs to the tracked Hyperliquid account. The post did not specify the total amount lost in the liquidations over the past six hours.
Not investment advice.