Machi Big Brother, the singer Huang Licheng, increased his long exposure on Ethereum (ETH) and HYPE by depositing an additional 220,000 USDC into Hyperliquid, according to a Lookonchain report on October 28th. The transaction was confirmed on-chain and reflects ongoing interest from high-profile crypto investors.
The singer now holds approximately 3,300 ETH, valued around $13.58 million, and 101,000 HYPE tokens, worth about $4.78 million. This move suggests continued confidence in the performance of these assets, particularly ETH, amid market volatility. Hyperliquid, a platform that allows leveraged long positions on crypto, has seen growing activity from retail and celebrity investors this year, reflecting wider adoption trends in DeFi.
Market watchers will monitor whether Machi Big Brother further adjusts his positions or if other high-profile investors follow suit. Updates on trading volumes and on-chain flows are expected to provide insight into short-term price movements.
Source: https://x.com/lookonchain/status/1983114780643897682
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