Since October, the "buddy" has deposited a total of $13.16 million and is now close to being wiped out, with funds down over $50.3 million from their peak.

Feb 4 — Per HyperInsight monitoring (via Telegram: https://t.me/HyperInsight), Taiwanese artist Huang Licheng (nicknamed “Brother Ma”) has deposited ~$13.16 million into crypto platform Hyperliquid since October last year, with no withdrawals in that period. His current account balance is just ~$60,000, and nearly every incoming fund has ended in a loss. His latest deposit (~$250,000) was made on Feb 2. He then opened and continuously added to leveraged long positions in ETH and HYPE, which triggered liquidation today. This marks an over $50.3 million drawdown from his account’s September peak of ~$50.39 million. Excluding a small withdrawal, most of the decline stems from reversed unrealized gains and liquidation losses. Huang, who previously profited from blue-chip NFTs, has been active on Hyperliquid since mid-2025. Since October 2025, he has faced successive massive liquidations, shrinking his total holdings from over $100 million to just tens of thousands of dollars now.