Maji's account assets on Hyperliquid have fallen below $1 million

Well-known crypto trader Brother Maji’s account balance on the Hyperliquid perpetual trading platform recently dropped below $1 million. According to on-chain data analysis platform Arkham, this former multi-million dollar asset holder is now facing significant unrealized losses, with total losses reaching as high as $28 million, a steep decline that is astonishing.

On-chain data shows continued widening of long position losses

Arkham’s real-time monitoring data reflects Brother Maji’s predicament on Hyperliquid. The account’s net value trend indicates that the asset decline was gradual rather than sudden, eroded over time under high-leverage perpetual trading. According to analysis reported by Wu Blockchain, five months ago, this trader’s account assets were close to nine figures, meaning the account shrank by over 99% in just five months. Such extreme drawdowns are considered rare in crypto trading circles.

Using dormant funds to support long positions

To maintain his current long positions on Hyperliquid, Brother Maji was forced to mobilize long-dormant funds—money stored in the PleasrDAO treasury five years ago. Originally intended as long-term strategic reserves, these funds are now being used to cover trading margins. This move reflects a passive response to ongoing losses and exposes the fragility of high-leverage trading.

Risk warning for high-leverage trading

Brother Maji’s experience serves as a warning to crypto traders. On platforms like Hyperliquid, high leverage can amplify gains when the market moves favorably but can also rapidly erode principal when the market reverses. The quick shrinkage from a million-dollar scale to a few million dollars illustrates that when risks are unleashed, even large accounts can struggle to withstand the blow. This case reminds traders that maintaining sufficient risk buffers and practicing prudent position management are more important than blindly chasing higher returns.