Machi Big Brother has staged one of the sharpest trading comebacks on Hyperliquid this year, turning an account worth roughly $100,000 into about $9.5 million in two days as Ethereum’s rally
Machi Big Brother has staged one of the sharpest trading comebacks on Hyperliquid this year, turning an account worth roughly $100,000 into about $9.5 million in two days as Ethereum’s rally transformed heavily leveraged ETH longs into multimillion-dollar gains.
The Hyperliquid account gained roughly $9 million during the two-day run, taking its value close to 100 times the starting balance. The reversal follows months of liquidations, fresh collateral deposits and repeated attempts to stay long ETH through a prolonged market downturn.
Ethereum provided the fuel for the comeback. ETH has climbed from below $1,920 on August 18 to above $2,500 on August 22, with the strongest leg arriving as Bitcoin, Ethereum and large-cap altcoins accelerated higher across the broader market.
That price action hit a trader who had remained aggressively positioned for an ETH recovery even as repeated liquidations stripped capital from the account. Machi faced another major Hyperliquid liquidation in June after rebuilding a leveraged ETH long with an account balance that had fallen to roughly $52,000.
The losses had already pushed his trading bankroll close to exhaustion earlier in the year. In March, Machi’s Hyperliquid balance fell near $10,000 after months of leveraged ETH bets and repeated forced exits.
His latest rebound now puts the account back into seven figures, although the recovery remains far below the tens of millions lost across the longer trading cycle.
Machi continued raising liquidity during the downturn by selling Bored Ape Yacht Club NFTs, including assets purchased near the peak of the NFT market.
One July transaction saw him sell three more Bored Apes for 27.42 ETH while maintaining a leveraged ETH position near its liquidation threshold.
Another run of sales covered 34 Apes for 326 ETH, while the original purchases represented roughly 725 ETH in cost. The difference locked in about 399 ETH of losses as NFT liquidity was converted into capital for continued trading.
Machi had held more than 200 BAYC NFTs at his peak, making the sales another visible part of the same strategy: reduce NFT exposure, move liquidity into Hyperliquid and keep directional exposure to Ethereum.
The comeback follows several smaller reversals earlier this year. Machi briefly returned to profit during a May crypto rally when large BTC, ETH and HYPE positions produced about $1.27 million in gains over 24 hours.
The latest move is considerably larger. Ethereum’s surge through $2,300 and then $2,500 expanded the value of his leveraged longs rapidly, while the same leverage that repeatedly accelerated losses during the downturn amplified the recovery.
The latest account snapshot puts Machi Big Brother’s Hyperliquid perps balance near $9.5 million, up roughly $9 million in two days from a starting balance around $100,000.
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