Brother Ma Ji has a floating loss of over 28 million on the Hyperliquid platform, and his account assets have fallen below one million.

The well-known KOL in the crypto trading circle, Brother Maji, has recently fallen into difficulties. According to on-chain data analysis platform Arkham, this trader active on the Hyperliquid platform has seen his personal account net worth drop below $1 million, with total unrealized losses exceeding $28 million. The rapid decline in this figure reflects the immense pressure he is under in derivative trading.

On-chain data shows losses have hit a new low

According to data from the Arkham platform, Brother Maji’s current account situation is concerning. The net asset value falling below a million indicates that his leveraged trading positions are facing severe shrinkage. As reported by Wu Says Blockchain, in order to continue maintaining long positions on the Hyperliquid platform, this trader has had to withdraw and repurpose funds that were stored in the PleasrDAO treasury five years ago. The use of these “emergency” funds further highlights the current level of distress.

The contrast from peak to trough

In contrast, Brother Maji’s past performance was quite impressive. Just five months ago, his account assets were close to nine figures (in the tens of millions), but now they have nearly been halved to the million level. This drastic change in assets reflects the high-risk characteristics of high-leverage trading and serves as a reminder for traders to implement strict risk management in the derivatives market. Brother Maji’s situation may become a new focal point for discussion in the crypto community regarding the risks of leveraged trading.