PANews reported on October 17 that according to Onchain Lens monitoring, after experiencing multiple liquidations, Huang Licheng (@machibigbrother) sold 2.02 million PNKSTR for 36 ETH (worth US$141,000), resulting in a loss of US$234,000.

He then deposited 47.43 ETH (worth $190,000) into HyperLiquid and increased his ETH (25x leverage) long position by selling these ETH.

In the past 30 days, he went from a profit of $43.6 million to a loss of more than $13 million, with a capital drawdown of more than $56.6 million.