Huang Licheng closed out his positions in XPL and other contracts on Hyperliquid, resulting in a cumulative loss of over $20 million.

PANews reported on October 10th that according to Yu Jin, Huang Licheng, a “big brother” of Maji, closed his positions in XPL, ASTER, and PUMP seven hours ago, resulting in a total loss of approximately $21.53 million, reversing approximately $40 million in profits over the past 20 days. The primary losses came from XPL: he opened a long position at $1.4, and the continued decline resulted in a loss of approximately $18 million. He still holds the largest long positions in ETH and HYPE on Hyperliquid: a long position of 29,600 ETH (opening price $4,397, liquidation price $4,058) and a long position of 385,000 HYPE (opening price $47.1, liquidation price $19.1).