Whale ‘machibigbrother’ Loses $29M as 25x Leveraged ETH Long Position Gets Wiped Out

Coin Newsweek – February 24, 2026 – In one of the largest single liquidation events of recent weeks, prominent cryptocurrency whale “machibigbrother” (also known as “No One Literary No One but Machi”) has seen a 25x leveraged long position on Ethereum completely liquidated, resulting in total losses of approximately $29 million, according to blockchain tracking service Onchain Lens.

The liquidation, which was detected and reported by on-chain monitoring systems, underscores the extreme risks inherent in high-leverage trading, where even relatively modest price movements can trigger the complete wipeout of positions and the loss of the entire initial margin.

No One Literary No One but Machi @machibigbrother got completely liquidated on his $ETH (25x) long position and overall he is now losing ~29M.https://t.co/g1yQzBPSb2 pic.twitter.com/KPBSj85TnB

— Onchain Lens (@OnchainLens) February 24, 2026

The whale’s position employed 25x leverage, a highly aggressive trading strategy that amplifies both potential gains and potential losses. With such leverage, a price move of just 4% against the position would be sufficient to liquidate the entire trade, wiping out the trader’s collateral.

Ethereum’s price action in recent hours appears to have moved against the whale’s position, triggering the cascade of liquidation events that on-chain analysts were able to track in real time. The complete liquidation means that machibigbrother not only lost the anticipated gains but also the entire capital that had been posted as margin for the leveraged position.

The identity behind the “machibigbrother” wallet has been a subject of curiosity in crypto circles, with the name “No One Literary No One but Machi” suggesting either a deliberate attempt at anonymity or a playful reference to literary themes. Whatever the true identity, the wallet’s activities have been closely followed by on-chain analysts due to the size and frequency of its trades.

This liquidation event serves as a stark reminder of the dangers of excessive leverage in cryptocurrency trading. While leveraged positions can multiply profits during favorable market moves, they also introduce the risk of total loss during even modest pullbacks. For traders using 25x leverage, the margin for error is razor-thin—literally a few percentage points of adverse movement can spell disaster.

The $29 million loss figure represents one of the larger single-whale liquidations in recent memory, though it pales in comparison to some of the mega-liquidations witnessed during the most volatile periods of crypto market history, such as the collapse of FTX or the extreme volatility of 2020 and 2021.

On-chain analysts continue to monitor the wallet for any signs of recovery trading or additional position building. For now, the machibigbrother wallet serves as a cautionary tale etched into the immutable ledger of the blockchain—a permanent reminder that in the world of high-leverage crypto trading, fortunes can evaporate in seconds.

The liquidation also highlights the growing sophistication of on-chain monitoring tools, which allow observers to track whale activity in near real-time and draw conclusions about market dynamics. Platforms like Onchain Lens have made it possible for retail traders to watch the movements of large holders, democratizing access to information that was once available only to insider networks.

For the broader Ethereum market, the liquidation of a significant long position could have ripple effects, potentially contributing to selling pressure or influencing sentiment among leveraged traders. However, in a market with the depth and liquidity of Ethereum, even a $29 million liquidation is unlikely to move prices significantly on its own.

As the crypto community digests this latest liquidation event, the conversation inevitably returns to risk management. Whether machibigbrother will return with renewed capital or retreat from high-leverage trading remains to be seen. What is certain is that on the blockchain, the record of this $29 million loss will remain visible forever—a permanent monument to the perils of leverage.

Sources: Onchain Lens monitoring / Blockchain transaction data / Market analysis