Market Performance of Majik Big Brother’s Wallet
In early August, during the market pullback, the wallet address of the widely discussed Majik Big Brother experienced a significant profit reversal, causing its profits on the decentralized trading platform Hyperliquid to drop from approximately $26 million on July 21 to $2.95 million, becoming a topic of discussion in the market.
Recovery of Profits
However, after a few days in the market, Majik Big Brother, who has been heavily invested in ETH, has reclaimed lost ground, with account profits rising back to $30 million. Data shows that he currently holds long positions in ETH, HYPE, and PUMP, with the heaviest position still being in ETH (approximately 12,700 coins).
Trading Strategy
It is worth noting that Majik Big Brother seems to adopt a trading model similar to a grid strategy, adding positions whenever the price corrects and partially selling when prices rise. Therefore, his holdings have decreased significantly compared to a few days ago.
