$9.5M in 2 Days: Machi Big Brother's Ethereum Comeback
Machi Big Brother has staged one of the most impressive trading comebacks on Hyperliquid this year, transforming an account worth $100,000 into approximately $9.5 million in just two days.
The Ethereum price rally played a significant role in this turnaround, as it surged from below $1,920 on August 18 to above $2,500 on August 22.
This marked the latest reversal for Machi, who had faced months of liquidations and repeated attempts to stay long ETH during the prolonged market downturn. In June, he suffered another major Hyperliquid liquidation after rebuilding a leveraged ETH long with an account balance that had fallen to around $52,000.
Machi's strategy involved raising liquidity by selling Bored Ape Yacht Club NFTs, including assets purchased near the peak of the NFT market. These sales helped maintain directional exposure to Ethereum while reducing NFT exposure.