Machi Records $1.14 Million Net Loss After $485,000 in papertrade Rewards

After another full liquidation during a market decline, Machi moved the $16,600 left on Hyperliquid to papertrade and continued trading there. Trading losses on papertrade totaled $1.62 million, while rewards came to $485,000.

The rewards offset about 30% of the trading losses, leaving a net loss of $1.14 million. Subtracting the reward amount from the losses gives $1.135 million, which rounds to $1.14 million.

Machi previously recorded $779,000 in papertrade losses alongside $394,000 in rewards, as detailed in an earlier account of his papertrade losses and rewards.