Jeffrey Huang, a prominent NFT whale associated with the Bored Ape Yacht Club (BAYC), has incurred losses totaling $33.35 million due to 335 liquidations on the Hyperliquid perpetual futures exchange. Huang, a Taiwanese celebrity, initially achieved significant profits through leveraged trading, but market volatility led to a series of margin calls that drastically reduced his account balance to $30,279. Huang's current position includes a $900,000 long on Ethereum with 25x leverage, at risk of liquidation if Ethereum's price falls below $2,016.35. This situation highlights the risks of high-leverage trading, where small market movements can trigger substantial financial setbacks. Huang's experience serves as a cautionary tale about the dangers of excessive leverage in volatile cryptocurrency markets.