Taiwanese investor Jeffrey Huang, known as Machi, is currently facing an $8.7 million unrealized loss on a 5x leveraged long position in Plasma (XPL) on the Hyperliquid platform. This marks a significant downturn from a $44 million profit just 13 days ago. Meanwhile, whale wallets have accumulated over $1.16 million in XPL across 226 wallets, and $3.83 million has exited exchanges in the past week. Adding to the market dynamics, a $90 million vesting unlock is set for October 25, which could increase selling pressure on XPL. Huang's position remains open, with a liquidation threshold approaching at $0.5366, raising concerns about potential further losses.