Lost 58 million dollars in 47 days
The past and present of Brother Maji!
Today, let's take a look back at the hip-hop godfather—Brother Maji (Huang Licheng), a legendary journey from top star to crypto zeroing guy!
🧨 Peak moment: account close to 60 million dollars
Time goes back to September 18th,
At that time, his account had a floating profit of 44 million dollars, total assets close to 60 million dollars,
He is one of the most outstanding contract big shots on-chain.
But from peak to zeroing—
It took less than two months.
Now the account balance only left 1718 dollars.
🎤 From trendsetter to hunting for opportunities
Brother Maji, real name Huang Licheng.
In 1992, he formed a 'Maji' band with his brother and cousin,
Released dozens of albums, became famous all over Taiwan.
After the group disbanded in 1997, he founded Maji Entertainment.
In 2015, he stepped into the live streaming boom, founding 17 Live,
The valuation soared to tens of billions of New Taiwan dollars, even Wang Sicong has invested.
At that time, he understood both traffic and attention economy—
At the peak, he almost always got a piece of the pie.
Until he stepped into the crypto world.
💰 First harvest: blockchain project MITH
In 2018, he launched the blockchain project MITH (Secret Silver),
Claimed to be the 'blockchain version of Instagram'.
Raised 50 million dollars through his fame,
After launch, the coin price skyrocketed, the team sold 89% of the tokens within three months.
The coin price dropped over 80%, ultimately zeroing and delisted.
Brother Maji made a fortune,
While retail investors are bleeding profusely—
Also because of this, his 'scythe reputation' spread across the internet.
🧱 Second takeoff: Cream Finance
In 2020, he launched the lending protocol Cream Finance.
At its peak, managed assets over 1 billion dollars.
But vulnerabilities are frequent, attacked by hackers 5 times in 2021,
Suffered a loss of 130 million dollars at once.
In the end, he passed the blame and successfully cashed out.
🐒 Maji Big Cut of the NFT era
In 2021, NFTs exploded in popularity,
He transitioned to NFT OG, hoarding 55 Bored Apes and 102 Mutant Apes,
Also sent NFTs to Jay Chou to gain popularity.
But in 2023, the NFT market cooled down,
He crazily bottom-fished, took over, buying all at high positions.
Finally tossed out thousands of NFTs,
Directly smashed the floor price of Bored Apes by 25%,
Lost over 5000 ETH.
Thus, he got a new nickname—'Maji Big Cut'.
🐶 Meme coin boom: BOBAOPPA
In 2024, meme coins on Solana chain exploded in popularity,
He also launched Dogecoin BOBAOPPA,
Raised over 40 million dollars in 24 hours.
The result was a 70% crash on the first day of launch,
Once again 'cut' cleanly and thoroughly.
⚰️ Last struggle: Hyperliquid explosion
In 2025, he focused on the contract platform Hyperliquid.
Opened 25x leverage, from profit to collapse:
• June profit 6.5 million
• July position 126 million dollars
• September peak floating profit 44 million
• October 11th crash liquidation
• November 4th account only left 16,000 dollars
He still does not give up, opening 25x longs again,
The result was another explosion—
Account balance only left 1718 dollars.
🌀 The truth of the crypto world: zeroing is just a matter of time
Hyperliquid has liquidated over 10 billion dollars this year,
Thousands of wallets were emptied,
Brother Maji is just one of them.
But one Brother Maji fell down,
There will always be another Brother Maji standing up.
Because getting rich too quickly is too tempting.
Today's crypto world,
No need for a whitepaper, no need for a product,
Just one contract address, a few slogans,
Funds will flock in.
There are no real investments here,
Only accumulation and harvesting.
All unearned gains,
Will ultimately be returned in another way.
Opportunities come and go,
Some stand at the peak, while others are turned to ashes.
The crypto world will never lack new 'Brother Maji'.