Notorious crypto whale ‘Maji Dage’—the alias of Taiwanese rapper-turned-trader Huang Licheng—has increased his leveraged Ethereum position by 200 ETH in the past hour, bringing the total stake to $24.77 million. Despite an unrealized loss of $1.66 million, Huang is doubling down as ETH trades near $3,165.
The position carries 25x leverage, with a liquidation price at $3,047, according to Hyperbot monitoring data. This move follows a pattern of aggressive accumulation: just a week ago, he expanded another ETH long to 3,850 ETH valued at over $13 million. Huang has a history of high-stakes derivatives trading on platforms like Hyperliquid, balancing significant wins with multimillion-dollar losses.
Ethereum has been volatile in November, up 2.35% in the past 24 hours but down 13.3% over the past month. Whale activity like Maji Dage’s often serves as a contrarian indicator. Institutional players, including Galaxy Digital and Coinbase, have recently accumulated large ETH stakes, while shrinking exchange reserves—from 25 million ETH to 15.5 million—suggest potential supply squeezes.
Huang’s recent additions highlight confidence in Ethereum network upgrades like ERC-8004 for AI agents and Dubai’s adoption of ETH for government payments. As Ethereum tests resistance near $3,400, this bet could either reward bulls or intensify volatility.
Maji Dage’s ETH Position Snapshot:
| Metric | Value |
|---|---|
| Recent Addition | +200 ETH |
| Total Position Value | $24.77M |
| Unrealized Loss | -$1.66M |
| Leverage | 25x |
| Liquidation Price | $3,047 |
| Current ETH Price | ~$3,165 |
