Crypto trader Machi (@machibigbrother) sold two Mutant Ape NFTs he purchased three years ago for 1 ETH each, liquidating positions originally valued at 6.13 ETH and 7.5 ETH. The sales resulted in a combined loss of 11.28 ETH, representing an 85% drawdown on the initial investment.
The proceeds are being redirected to fund continued trading activity on Hyperliquid and papertrade platforms, marking another instance where Machi has faced criticism for exhausting capital reserves while maintaining aggressive leveraged positions.
Machi Sells Two Mutant Apes at 85% Loss to Fund Hyperliquid Trading
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