Huang Licheng Nets $11M From Leveraged Trades, Holds $129M in Long Positions
AI Market Summary
Onchain monitoring shows trader Huang Licheng (Maji Dage) recouped about $11.15M last week by rolling high-leverage long exposure, trimming prior ETH-heavy losses from roughly $35M to ~$24M. He currently holds ~$129M in levered longs across ETH, BTC, HYPE and PUMP at ~12x. The update highlights elevated speculative positioning and liquidation sensitivity, which can amplify short-term volatility if market conditions reverse.
Impact level
● Low
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ETH/USDT+0.76%
AI Insight · ETH/USDTAI Insight
● Neutral
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Huo Xing Cai Jing said Aug. 24 that EmberCN tracking shows Huang Licheng, also known as "Maji Dage", profited from last week's one-way rally in crypto by rolling a long position from about $1.5 million to roughly $11.15 million, effectively recouping around $11 million of prior losses.
Over the past 10 months, his ETH long positions had posted losses of about $35 million. After the latest gains, his cumulative historical loss has narrowed to around $24 million. Earlier on-chain data had indicated his total losses were still in the tens of millions of dollars.
Huang currently holds approximately $129 million in long exposure across ETH, BTC, HYPE and PUMP, with an overall leverage ratio of about 12x. If the market maintains its one-sided advance, the earlier $35 million drawdown could shrink further. A shift into consolidation or a downturn could also quickly wipe out the recent $11 million profit given the high-leverage rollover strategy.
