Whale Machi Holds $100M+ ETH Long, Takes $1.96M Loss on Partial Close

Whale Machi Holds $100M+ ETH Long, Takes $1.96M Loss on Partial Close

N
News Editor
2026-08-29 02:21:51
On Aug. 29, 2026, ChainCatcher reported, citing Lookonchain's on-chain monitoring, that the whale known as Machi (@machibigbrother, wallet 0x020...5872) currently holds an ETH long position worth more than $100 million, making it the largest ETH long on the chain. After a market decline, Machi closed part of the position about seven hours ago, suffering a loss of $1.96 million. The whale's remaining holdings consist of 41,000 ETH, valued at $100.01 million; 75,000 HYPE tokens, valued at $6.03 million; and 45 bitcoins, valued at $3.5 million. Combined, these positions are worth about $109.54 million. These figures come directly from Lookonchain's monitoring data. The position size underscores Machi's dominant presence as an ETH bull. Despite the realized loss, the whale retains a significant multi-token portfolio across ETH, HYPE, and BTC. The wallet address was partially redacted in the data as 0x020...5872. This information was initially shared by Lookonchain and relayed by ChainCatcher.

On-chain monitoring from Lookonchain shows that Machi, a whale operating under the handle @machibigbrother and wallet address 0x020...5872, currently holds more than $100 million in ETH long positions. That makes Machi the biggest ETH bull visible on-chain right now.

Following a dip in the market, Machi trimmed some of that exposure roughly seven hours ago. The partial close booked a loss of $1.96 million, according to the same data.

What remains in the whale's wallet:

  • 41,000 ETH, worth $100.01 million
  • 75,000 HYPE, worth $6.03 million
  • 45 BTC, worth $3.5 million

The combined value of these holdings is roughly $109.54 million. Lookonchain published the figures without disclosing entry prices or full transaction history. ChainCatcher passed along the monitoring data in a newsflash.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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