Huang Licheng turns losses into profits: 13 straight wins to create $1.14 million, with no liquidation records for 10 days

According to on-chain data analytics platform Lookonchain, Taiwanese music artist Huang Licheng (Mahji Big Brother) recorded 13 consecutive profitable trades within the past week, with total profits of 1.14 million USD, and has gone 10 days without triggering liquidations. This data comes against the backdrop of his previous cumulative losses of over 30.35 million USD and multiple liquidations, during which the cumulative fees on his Hyperliquid platform have also approached 2 million USD.

Winning Streak Breakdown: The Context Behind 13 Trades All in Profit

(Source: Hyperdash)

Lookonchain’s on-chain data shows that in the past week, Huang Licheng’s 13 trades all recorded positive returns, for total profits of 1.14 million USD (about 36.48 million TWD), and he has maintained a record of not being liquidated for 10 consecutive days. This winning-streak trend indicates that his recent trading tempo has temporarily moved away from the earlier streak of consecutive liquidation cycles, and his short-term risk controls have shown clear improvement compared with the past several months.

Huang Licheng had previously said publicly, “I never lose—either I win, or I get liquidated.” After his recent winning streak, this attitude has once again sparked discussion in the community. However, analysts point out that a 10-day observation window is still not enough to confirm whether his trading strategy has fundamentally changed.

A Review of His Liquidation History: From 25x Leverage to 30.35 Million USD in Cumulative Losses

On-chain analysis firm Onchain Lens data shows that Huang Licheng’s prior trading style was extremely aggressive. On March 22, after a liquidation, he continued to add to his position and entered again, opening a 25x leveraged Ethereum (ETH) long position. He held about 2,700 ETH, with a position size of roughly 5.7 million USD, attempting to turn things around. However, the market did not show a clear rebound, and the position was ultimately liquidated again, with cumulative losses surpassing 30.35 million USD.

This kind of trading pattern—entering immediately after liquidation, and continuously increasing the leverage multiple—is one of the main reasons Huang Licheng earned the label “the King of Liquidations” in the crypto trading community. Despite the staggering size of his losses, his willingness to maintain a high-risk, high-frequency trading cadence has never changed.

Fees Approaching 2 Million USD: The Numbers Ignite Public Opinion

On April 1, Huang Licheng posted screenshots from the Hyperliquid back office on the social platform X, showing that his cumulative fees paid had exceeded 1 million USD and were continuing to climb, approaching 2 million USD (about 63.93 million TWD), and his platform points had reached 465,000 points. He brushed it off with just the phrase “Fees paid Hyperliquid,” but the number itself was already enough to spark widespread debate.

Community Reactions Show Clear Polarization

Criticism and Questioning: “King of Liquidations,” “Spending all those fees and still getting liquidated in the end?” “Are these numbers a joke?”

Amazement at the Scale: “This is already savings of a lifetime for some people,” and some netizens have questioned the authenticity of the data

Frequently Asked Questions

Is the data source for Huang Licheng’s 13-win streak reliable?

This dataset has been publicly monitored and published by on-chain analytics platform Lookonchain. Lookonchain focuses on tracking the trading behavior of Large Investors on blockchains. All data comes from on-chain records that are publicly accessible, making it subject to a certain level of verification.

What are Huang Licheng’s cumulative losses and fees on Hyperliquid?

According to on-chain entities such as Onchain Lens and Lookonchain, Huang Licheng’s cumulative losses have exceeded 30.35 million USD. His cumulative fees paid to Hyperliquid are approaching 2 million USD, and together they reflect his unusually large trading scale and frequency.

Why is Huang Licheng called the “King of Liquidations”?

This title comes from his operational pattern of repeatedly entering again after being liquidated on high-leverage positions, including specific events such as his 25x leveraged ETH long position being liquidated. Against the backdrop of cumulative losses exceeding 30.35 million USD, his trading style has always maintained a high-risk, high-frequency cadence, which is why he has earned this community label.