Machi, known as @machibigbrother, has sold 34 Bored Ape NFTs for 326 ETH ($514,000) over the past month, incurring a significant loss of 399 ETH ($631,000). His most substantial loss was on Bored Ape #6057, purchased four years ago for 76.84 ETH and sold for just 7.65 ETH, marking a 90% loss.
The sales appear to be an effort to fund Ethereum long positions on Hyperliquid, where Machi has faced repeated liquidations. Most recently, he was liquidated three hours ago, leaving his account with only $81,000.
Machi Sells Bored Apes at a Loss to Fund Ethereum Longs
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