Chinese crypto figure Ma Ji sold 34 Bored Ape Yacht Club (BAYC) NFTs recently to cover his positions, netting 326 ETH from the sale and incurring a loss of 399 ETH.
4 days ago
According to Lookonchain monitoring, renowned NFT collector Machi Big Brother recently allegedly sold Bored Ape Yacht Club (BAYC) NFTs to fund his long ETH position on Hyperliquid. Data shows that over the past month, Machi has sold a total of 34 BAYC NFTs, raising 326 ETH (approximately $514,000), but incurring a total loss of 399 ETH (about $631,000). Bored Ape #6057 was his most loss-making transaction: the NFT was purchased four years ago for 76.84 ETH, and recently sold for only 7.65 ETH, representing a roughly 90% loss. Meanwhile, Machi’s long ETH position on Hyperliquid has been liquidated multiple times recently. Lookonchain noted that he was liquidated again approximately 3 hours ago, leaving his account balance at around $81,000.
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