In November, crypto traders continued to get liquidated on exchanges, and these liquidations fueled more market volatilty. The top three crypto degens who got liquidated since November 1st on Hyperliquid are Machi Big Brother (with 71 liquidations), James Wynn (with 26 liquidations), and Andrew Tate (with 19 liquidations).
Top 3 Degens Liquidated on Hyperliquid in November
On November 19, Lookonchain revealed the top three degens liquidated via Hyperliquid DEX since the beginning of November.
Jeffrey Huang aka Machi Big Brother
According to the team's official X post, Jeffrey Huang, also known as Machi Big Brother, was liquidated 71 times on Hyperliquid since November 1st. He's an entertainer, serial entrepreneur, and DeFi pioneer, also the founder of Cream Finance and a member of the Taiwanese hip-hop group LA Boyz. He founded a Taiwanese entertainment company called Machi 17 in 2017 and Mithril Cash in 2018.
Lookonchain shared data revealing his ETH long liquidations on November 18, with the highest liquidation being worth over $2,2 million.
James Wynn
James Wynn, another popular crypto degen, was reportedly liquidated 26 times on Hyperliquid, according to Lookonchain. The team shared data about his BTC long positions and liquidations between November 14 and November 16. His most significant BTC long liquidation was on November 14, worth over $517,000.
Wynn is known in the crypto industry as a degen who continues to use leverage, despite getting liquidated multiple times. He's known in the ecosystem for his bold bets, early memecoin investments, and his stories mirror the dangers and high risks of crypto trading, especially when using leverage.
Andrew Tate
Andrew Tate, another popular figure in the crypto industry and beyond, got liquidated 19 times on Hyperliquid in November, according to data from Lookonchain.
The team's data shows liquidations on BTC long positions between November 14 and November 18. According to the data, he opened his biggest BTC long position on November 14 worth over $4,2 million.
Despite getting liquidated, Tate opened another long BTC position worth over $174,500 on the same day.
On November 18, Polymarket highlighted via X that Tate has been "fully liquidated" of his crypto with all PnL (combined) of over -$794,000.
All these liquidations in the market show the dangers of using leverage when trading crypto, while negatively impacting the overall markets, triggering volatilty.
At the moment of writing this article, BTC is trading above $91,000, and ETH trades above $3,070 in a volatile market, which points to Extreme Fear.
