Bollcoin reported on October 19, according to Lookonchain monitoring, Machi (Huang Licheng) has been losing money on PaperTrade. The $261,000 he deposited yesterday has been almost completely lost, with only $5,682 left in the account. Machi lost $779,000 in trading, while earning $394,000 in rewards through USDC staking, resulting in a final net loss of $382,000.