Taiwanese crypto whale Huang Licheng, known as Machi Big Brother, has sold 34 Bored Ape Yacht Club (BAYC) NFTs in the past month, incurring a significant loss. The sales, totaling 326 ETH (approximately $514,000), resulted in an actual loss of 399 ETH (around $631,000). Notably, Bored Ape #6057, purchased four years ago for 76.84 ETH, was sold for just 7.65 ETH, marking a 90% loss in ETH terms. Huang's decision to liquidate his NFT holdings comes as he struggles to maintain margin for his ETH long positions on Hyperliquid. Initially successful, his strategy has backfired as ETH prices plummeted from $4,700 to the $1,600 range, leading to cumulative losses of $33.85 million on Hyperliquid. Despite being liquidated over 335 times, Huang continues to pursue high-leverage positions, now relying on his dwindling NFT collection to fund his trades.