How rich is Ma Ji really? An explanation for newcomers 🧵

Often see Brother Ma Ji leverage high "fancy liquidations," but he always has money to add positions? His assets are not a fixed amount, but a dynamic "ammunition depot" 👇

Three sources of assets
1️⃣ Traditional tech: One of the founders of 17LIVE, monetized hundreds of millions of dollars, this is the deepest core holding.
2️⃣ Early crypto: ETH early whales + ICO veterans, low-cost chips continuously sourced.
3️⃣ NFT ATM: Selling blue-chip NFTs like BAYC at peaks, and using borrowed mining to exchange for stablecoins to top up margins.

So, how much money does he really have?
There is no fixed total—it's wildly fluctuating with leverage:
🔻 At the lowest: on-chain account balance only $14.7k
🔺 At the highest: peak holdings once reached $86.18 million
📊 Common estimate: after deducting real estate and funds, still holding over $100 million in callable liquidity.

⚠️ Risk warning
Assets, no matter how thick, are not "too big to fail." The platform he led, Cream Finance, was attacked twice by flash loans, causing users to lose heavily. For ordinary people, don’t just look at the gambling god never stepping back—first build your own safety cushion.

$ETH ‌