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Michi Brother's Bug Cleanup: Failed Trade of 1.44 Million USDC on Hyperliquid
According to the latest report from Audily Planet, a significant incident has occurred under the supervision of Loke Chain. Famous trader Mechi Bhai has suffered a major blow on the Hyper Liquid platform. This big loss is the result of their incorrect strategy.
What happened: Complete loss of $1.44 million
Mechi’s first trading position failed completely. The $144,000 USDC they deposited in Hyper Liquid turned into a total loss. This big loss happened because they took a strong short position, and the market moved against them.
Starting a new journey: Recovery with $2.49 million USDC
After the loss, Mechi did not give up. They re-entered the market with $249,000 USDC. This time, they opened short positions in both ETH and HYPE. This is an attempt to recover, but it is risky.
Current situation: Watch the big bet
Currently, Mechi’s position includes 2000 ETH, valued at approximately $5.47 million. Additionally, they have 10,889 HYPE tokens, worth around $31,800. This big position is under close watch, and everyone is looking at the next steps. Market analysts are watching to see if Mechi will succeed in their next trade.