Singer Huang Licheng, also known as Machi, is reportedly facing significant financial pressure from his high-leverage cryptocurrency positions. According to Bijing.com, Huang has opened leveraged long positions on cryptocurrencies XPL, ETH, HYPE, and PUMP, with leverage ratios ranging from 5x to 15x. These positions are currently experiencing approximately $20 million in floating losses, highlighting the risks associated with high-leverage trading in volatile markets.
Singer Huang Licheng Faces $20M Loss on High-Leverage Crypto Positions
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