"Mooji" attempted to recoup losses by aggressively long ETH, increasing his 25x leveraged long position to $3.3 million.
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TL;DR
Huang Licheng ('Maji') attempted to recover $5.04M in losses by aggressively increasing his 25x leveraged ETH long position to $3.3M, risking liquidation at $2,816.
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EthereumSmart ContractsLayer 1Huang LichengETHleverageliquidationlosses
On November 18th, according to HyperInsight monitoring, Huang Licheng, nicknamed "Maji," initiated a retaliatory long in an attempt to recoup losses. Nine minutes prior, $256,000 in margin was transferred to his account to add to a 25x leveraged long position in ETH, bringing his current position size to $3.3 million. The opening price was $3,041.07, and the liquidation price was $2,816. His account has suffered a loss of $5.04 million in the past week.