Huang Licheng has recorded nearly $30 million in realized losses after a series of forced liquidations on decentralized exchange Hyperliquid. At the same time, he disclosed a 15-year track record in film investing that shows 9 out of 14 released titles ended up losing money.
Repeated liquidations hit 25x long positions on Hyperliquid
Recent volatility across the crypto market pushed liquidation activity sharply higher as Bitcoin and Ether retreated. On-chain monitoring cited in the source shows that Huang’s 25x leveraged long positions on Hyperliquid were liquidated again and again. Since the market weakened in October 2025, he has gone through more than 250 liquidations, caught in a cycle of re-entering positions after being wiped out.
Even after positions were fully cleared, he reopened a 25x ETH long. That pattern has kept attention on his high-risk trading style. The contrast with earlier gains is sharp: at a market peak in September 2025, he had once posted more than $44 million in unrealized profit.
Film investment record shows 9 losses among 14 released projects
Outside crypto, Huang recently published details of his film investments on social media. He began backing Taiwanese films in 2011 with “Seediq Bale,” and later established a film company in 2018, taking roles as a producer or major investor.
Based on the figures he shared, 14 released films are on the record and 9 of them are marked as losses, putting the hit rate below 40%. Loss-making titles listed in the source include “The Transformation,” “The Sadness,” “The Abandoned,” “Treat or Trick,” “You Are on My Mind,” “Bad Education,” “Kiss My Ass Boss,” and the Lunar New Year film “Kung Fu,” which was labeled as an estimated loss. Profitable titles include the first three films in the “The Rope Curse” series, as well as “Till We Meet Again,” directed by Giddens Ko and reported to have crossed NT$100 million at the box office. “96 Minutes” was marked as likely to turn a profit.
He disclosed both sets of numbers and kept his stance unchanged
Huang did not step back from public view after the crypto losses and the weak film investment record. Instead, he released the figures himself and said, “I support Taiwanese films! Jia U!”
The source frames that response as consistent with his approach in both markets: he continues taking risk in leveraged crypto trading while also continuing to back local film production, even as both sides show heavy pressure.