Huang Li-cheng loses majority of crypto assets after massive leverage volatility

Cryptocurrency trader Huang Li-cheng, known as ‘Maji Dage’, has experienced a massive reduction in his trading assets due to high-leverage market volatility. Data indicates that within a four-month period, Huang’s capital grew from approximately $56,000 to a peak of $12.25 million. However, following recent trading losses, his account balance plummeted to roughly $22,000 as of October 15.

Reports highlight that Huang has a history of high-risk trading, having previously faced nearly 500 liquidations and cumulative losses exceeding NT$2.5 billion. Despite the recent wipeout of his primary holdings, he maintains an Ethereum long position valued at approximately $750,000, which faces liquidation risk if the price hits $2,334.