BAYC Whale Trading: Machi Big Brother’s Astounding Ethereum Longs Unveiled

Key Points

1. Jeffrey Huang opened a 25x Ethereum long position with 11,545 ETH, valued at approximately $54.23 million, at a price of $4,736.93 per ETH.

2. He also initiated a 5x HYPE long with 10,000 HYPE tokens, purchased at $46.58 each.

3. High-leverage trades like 25x amplify both potential profits and risks, as losses can exceed the initial investment due to liquidation.

4. Jeffrey Huang has a track record of successful trades, previously earning around $33.83 million from similar high-leverage positions.

5. On-chain analysts track such trades using public blockchain data, which records every transaction transparently.