Brother Maji stubbornly holds on to Kanye's $YZY losses! Twice increasing his position as losses grow, now the unrealized loss has reached $200,000

Well-known investor Brother Maji (Huang Licheng) recently encountered setbacks in trading new tokens. According to on-chain data analyst Aunt Air's monitoring on August 21, after the Yeezy Money ($YZY) token endorsed by Kanye West went live, Brother Maji high-profile entered the market for trading that afternoon.

3x leverage opened in YZY, initial position market value $570,000

Brother Maji participated in YZY trading for the first time, directly opening a 3x leverage long position, buying 570,000 tokens at an average price of $1.22, with a position market value of about $570,000. However, at this time, his trading account was not considered 'smooth sailing' — his holdings of Bitcoin, Ethereum, PUMP, HYPE and other tokens had accumulated losses of up to $7 million.

Price drops and increases in position, unrealized loss expands to $193,000

Unfortunately, the price movement of the YZY token did not rise as expected. After opening his position for the first time, the price fell, and Brother Maji chose to 'increase his position as it falls': around 11 PM on August 21, he further increased his long position in YZY, expanding his total holdings to 1.22 million tokens, with a position market value increasing to about $1.16 million. Although he lowered his average cost to $1.11 through this increase, his unrealized loss also expanded to $193,000.

Community hot discussion: Is there insider information or a 'contrary indicator'?

Brother Maji's 'holding and increasing position' operation sparked curiosity in the community. Some netizens speculated: 'Could it be that he has insider information, that's why he is so confident?' Others recalled that he had previously made big profits trading ETH, PUMP, and other tokens, speculating 'does he have new trading insights now?'

However, more netizens joked: 'Maji is simply a contrary indicator; whatever he longs, drops'; others joked: 'It seems we have to wait for Maji to sell his villa for the bull market to really come back...' Currently, the subsequent trend of YZY and whether Brother Maji will continue to increase his position has become the focus of community attention.