🚨 Machi Sells Bored Ape for 9 ETH After Buying at 85 ETH — Then Doubles Down on ETH Long 🦍📉
High-profile trader Machi (@machibigbrother) just took a brutal NFT loss to keep his Ethereum bet alive.
The trade:
• Bought Bored Ape #5670 for 85 ETH five years ago
• Sold it today for just 9 ETH
• Realized loss: 76 ETH (~$142,000) — an 89.4% drop
He immediately used the proceeds to support his leveraged ETH long.
Current position:
> 3,450 ETH long
> Position value: ~$6.44 million
> Liquidation price: $1,839.37
This continues Machi’s pattern of selling long-held blue-chip NFTs at steep losses to defend high-conviction (and high-risk) ETH positions.
Diamond hands on ETH… or just pure leverage addiction? 👀
Would you sell a 5-year NFT bag to keep a leveraged long alive? Drop your thoughts below 👇
$ETH #ETH #Machi #CryptoNews