「麻吉大哥」黃立成浮虧 41 萬，再開 10 倍 ZEC 多單不言退

Brother Ma-Ji Huang Licheng opens a 10x leveraged ZEC long position of 888.88 coins again on January 11, with an overall unrealized loss of $410,000. Holding a 25x leveraged ETH long position of 10,900 coins, worth $33.62 million, retraced over $2 million from the high on January 7. After multiple liquidation experiences, his 53rd birthday wish was actually “Don’t get liquidated.”

The three major high-leverage positions behind the $410,000 unrealized loss

According to Hyperbot data, Brother Ma-Ji Huang Licheng opened a new 10x leveraged ZEC long position of 888.88 coins about 10 minutes before January 11. The current position is 888.88 ZEC, with an entry average price of about $378, and an unrealized loss of $893. The timing of this new position has raised questions, as ZEC (Zcash), as a privacy coin, faces uncertainty under current regulatory environments, and recent price volatility has been intense.

Currently, Brother Ma-Ji’s overall position has an unrealized loss of about $410,000, distributed across three high-leverage positions. The largest is a 25x leveraged Ethereum long, with a current holding of 10,900 ETH, valued at $33.62 million, with an average entry price of $3,138.43, and an unrealized loss of $409,000. Additionally, there is a 10x leveraged HYPE long position of 9,888.88 coins, with an unrealized loss of $833.

Detailed explanation of Huang Licheng’s three major leveraged positions

25x ETH long (10,900 coins): Entry price $3,138.43, total value $33.62 million, unrealized loss $409,000

10x ZEC long (888.88 coins): Entry price $378, new position, unrealized loss $893

10x HYPE long (9,888.88 coins): Unrealized loss $833

The most shocking aspect is the retracement magnitude. According to on-chain analyst Ai Yi’s monitoring, Brother Ma-Ji’s Ethereum long position, compared to the high point on ETH on January 7, has now retraced over $2 million from its peak unrealized profit. This means that within just a few days, he has shifted from paper gains to massive losses, illustrating the typical risks of high-leverage trading. A 25x leverage means that a mere 4% drop in ETH price will trigger a forced liquidation, and intraday crypto market volatility of 5-10% is very common.

From L.A. Boyz to Crypto Gambler: The Transformation of Identity

Brother Ma-Ji Huang Licheng first gained fame as part of the hip-hop group L.A. Boyz, crossing over into singer and actor roles, with a distinctly Taiwanese and ABC image deeply ingrained in people’s minds. As a cultural icon of 90s Taiwan pop culture, he once had countless fans. However, in recent years, he has developed a career in investments, including movies, live streaming, and cryptocurrencies, shifting from entertainment star to risk investor.

This transformation has not been smooth. Huang Licheng previously experienced two major crypto losses, including a large liquidation in mid-October, and in early November, Ethereum and HYPE forced partial liquidations, reducing his net worth from $1.9 million (about NT$58 million) to only $149,000 (about NT$4.59 million). Such devastating losses are destructive for any investor, but Brother Ma-Ji’s reaction was unexpectedly lighthearted.

On January 7, his 53rd birthday, he shared a “birthday wish” on social media that sparked online discussion. On the 8th, he posted a selfie wearing a cap with his own logo, with his signature white beard and stubble. First, he wrote in Chinese on Threads: “Thanks everyone for the birthday wishes, Uncle hopes you stay healthy and do well (Taiwanese dialect).” Later, he humorously wrote in English on X (formerly Twitter): “Got a year older, thanks for the birthday wishes. Hope everyone gets rich and prosperous, not bankrupt and liquidated,” self-deprecatingly noting he just faced forced liquidation in crypto.

This self-deprecating humor reflects an acceptance of risk. Transitioning from entertainment star to crypto investor, Huang Licheng shows a mindset quite different from traditional investors. He seems to regard high leverage trading as a challenge or game rather than serious financial planning. This attitude is both admirable for his resilience and raises questions about his risk management skills.

Public sentiment: From blessings to teasing—complex emotions

After the post went viral, many netizens offered blessings, but also responded with teasing. Comments included: “Despite countless liquidations, no complaints, uncle is awesome, happy birthday,” “Wishing Uncle success in longs,” “Uncle, I’ll help you call a Nanna over,” “Happy birthday, hope you buy a rotating skyscraper soon,” “How much is left doesn’t matter, the key is to fight,” “Can you help ETH go up,” “Happy birthday, Uncle, stop adding to your position.”

These comments reflect the complex feelings of netizens toward Brother Ma-Ji. On one hand, they admire his perseverance—this resilient attitude aligns with entrepreneurial and investor images. On the other hand, some worry that his high-risk strategies could lead to more severe consequences. Messages like “Stop adding to your position” serve as well-meaning reminders and also reveal skepticism about his judgment.

From a social media perspective, subsequent reactions and his fund movements remain focal points for followers. Every opening and closing of positions is tracked in real-time by on-chain analysts and shared within the community, creating a “spectator” effect. This high transparency of trading records is a feature of blockchain and also part of Brother Ma-Ji’s personal brand. He seems unbothered by this attention, even using social interactions to reinforce his “gamble and lose” image.