Machi Doubles Down on Meme Coins with High-Leverage Bets – Risk of $5.7 Million Floating Loss

Crypto trader Machi (@machibigbrother) has rejoined the trading arena and opened new long positions in both $PUMP and $HYPE, utilizing 5x leverage. This move follows a period of substantial losses on his larger Ethereum and Bitcoin holdings, which currently sport unrealized losses exceeding $5.7 million. Despite this risk, Machi is betting heavily on the surge in meme token popularity.