During the market pullback in early August, the highly-watched Majidage wallet address experienced a wave of substantial profit-taking, causing its profits on the decentralized trading platform Hyperliquid to fall from a high of approximately $26 million on July 21 to $2.95 million, becoming a topic of discussion in the market.
However, after the recent market fluctuations, Maji, who had been heavily invested in ETH, has regained his lost ground, with his account profit rising back to $30 million. Data shows that he currently holds long positions in ETH, HYPE, and PUMP, with ETH still being his largest position (approximately 12,700 tokens).
It's worth noting that Maji appears to be using a trading strategy similar to a grid strategy, increasing his holdings whenever the price falls back and selling some of his holdings whenever the price rises. Therefore, his holdings have been significantly reduced compared to a few days ago.
Source
