Machi bought Bored Ape #2894 five years ago for 125 of $ETH and sold it today for 7.3, taking a 94% loss—$204,000. The reason was to raise funds to use leverage. I’m not surprised blue-chip NFTs have fallen this far; what surprises me is that he actually listed it at this price. The people who used to say apes were hard currency are all silent now. The money from selling the ape will still end up in $BTC ’s contract. $BNB