Just caught something wild on Hyperliquid—Machi Big Brother's account went from sitting on $44M in gains to being down nearly $9M in just two weeks. That's the kind of swing that keeps traders up at night. His XPL position with 5x leverage got absolutely hammered, though his ETH trade at 15x is still green with about $534K in unrealized gains. The guy's paying over $115K in funding fees alone, which shows you how expensive it gets when you're playing with that much leverage.

What's interesting is that despite the current pain, Machi Big Brother's overall account is still up more than $11.6M combined. So even with this brutal drawdown, he's not underwater. But it makes you think about the risks—a month ago he took a $4.45M loss on a HYPE position because of token unlock warnings, and now XPL is facing similar pressure with $90M in tokens unlocking soon.

Meanwhile, the whales seem to be buying the dip. I've been watching the data and major wallets have accumulated over $1.16M worth of XPL this past week, with $3.83M withdrawn from exchanges. One whale wallet even grabbed $31M worth of XPL earlier, bringing their total to over $40M. At current prices around $0.11, they're clearly betting on a recovery despite the upcoming unlocks. It's that classic crypto dynamic—big money positioning for the next move while retail gets shaken out. Machi Big Brother's situation is basically a textbook example of how fast fortunes can swing in leverage trading.