'Machi' Sells BAYC NFT at an 89.4% Loss, Adds to ETH Long Position

BlockBeats News, August 5: According to Lookonchain monitoring, 'Machi Big Brother' Jeff Huang purchased BAYC #5670 five years ago for 85 ETH. Today, he sold it for only 9 ETH, incurring a loss of 76 ETH (approximately $142,000), with a loss rate of 89.4%. Subsequently, he used the proceeds to further support his ETH long position. His current position stands at 3,450 ETH (approximately $6.44 million), with a liquidation price of $1,839.37. [Original Link]