"Brother Ma Ji" Huang Li Cheng's recent long positions have led him to give back over $20 million in profits.

According to BlockBeats news on August 3, monitoring by Yu Jin indicates that the 'Brother Ma Ji' Huang Li Cheng has basically given back all of his previous $22.45 million profits from going long on ETH and HYPE this time.

He started going long on HYPE with spot + contract at $27.5 in mid-May, and began going long on ETH at $2,654 at the end of May. By late July, his profits peaked at $22.45 million.

After entering August, the market began to correct, and his long positions on ETH/HYPE/PUMP started to incur losses. So far, he has given back his previous $22.45 million profit down to $3.5 million.