Machi, known as @machibigbrother, has sold Bored Ape #251 at a loss of 6.99 ETH, equivalent to $12,400, to bolster his Ethereum long position. He currently holds a substantial long position of 5,264 ETH, valued at approximately $9.38 million, with a liquidation price set at $1,756.76 per ETH. This move highlights Machi's strategic focus on Ethereum despite the incurred loss from the NFT sale.
Machi Sells Bored Ape NFT at Loss to Fund $9.38M Ethereum Long Position
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