Machi Big Brother Wiped Out on Hyperliquid After $12M Run

Jeffrey Huang, known as Machi Big Brother, was liquidated on the Hyperliquid exchange after a $12 million run, with four ETH liquidations occurring within roughly three minutes. The final liquidation of 800 ETH executed at $2,331 per coin according to Hypurrscan data. While the event highlights leverage risk on decentralized perpetuals, it is a single whale's position and unlikely to move broader ETH prices, though traders may watch for follow-on selling pressure.