Maji’s High-Leverage Liquidation Impacts Market Volatility

Prominent crypto trader ‘Maji,’ known as Huang Licheng, experienced partial liquidations of his high-leverage positions in ETH and HYPE. This resulted in a significant reduction of his holdings to $6.33 million. The liquidation caused considerable market volatility with ETH and HYPE experiencing sudden price fluctuations. Market observers are now assessing the implications of this event on high-leverage trading strategies, as it highlights the interconnectedness between large trades and broader market dynamics.