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Majie Responds to Rumors of 84-Fold Investment Surge: Fake News

On August 26, Huang Licheng, known as 'Brother Majie', responded to reports from Taiwanese media claiming that his investment portfolio had surged 84 times. He stated that this news is 'fake news'. Previous reports indicated that 'Brother Majie' capitalized on a recent bullish trend in the cryptocurrency market, rolling over approximately $150,000 into a position worth about $11.15 million, recovering around $11 million. Over the past 10 months, he has incurred a cumulative loss of about $35 million from long positions in ETH, but after this round of profits, his historical losses have narrowed to approximately $24 million. Related on-chain data previously showed that his historical cumulative losses are still in the tens of millions of dollars.

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