BAYC Sell-Off Details: 34 NFTs Net $631K Loss
According to data tracked by Lookonchain, Machi Big Brother, a well-known NFT whale, sold 34 Bored Ape Yacht Club (BAYC) NFTs over the past month, receiving 326 ETH (approximately $514,000) in return. However, the original acquisition cost of these NFTs was about 725 ETH, resulting in a net loss of 399 ETH (approximately $631,000 at current ETH price). Among the sold items, Bored Ape #6057, purchased four years ago for 76.84 ETH, was recently sold for only 7.65 ETH, representing a 90% loss—the worst performer in the batch.
BAYC, a blue-chip NFT collection, has seen its floor price decline steadily since its peak in 2022. Machi Big Brother's sell-off adds further pressure to an already illiquid NFT market. Despite the losses, he still holds a significant portfolio of BAYC and other high-value NFTs, suggesting that this round of sales may be part of a capital rotation or risk management strategy rather than a full exit.
Hyperliquid ETH Longs Liquidated Multiple Times, Account Balance Drops to $81K
In addition to NFT losses, Machi Big Brother has experienced repeated liquidations on his ETH long positions on the derivatives exchange Hyperliquid. The latest liquidation occurred just three hours ago, after which his account balance fell to only $81,000. Over the previous weeks, the same position had been liquidated several times due to price swings, and while the exact cumulative liquidation amount is undisclosed, the shrinking balance suggests aggressive leverage.
These liquidations highlight the risks of high-leverage longs in the current market environment. ETH has been trading in the $2,000–$2,200 range recently, and relatively small pullbacks can trigger forced closures on overleveraged accounts. After the latest event, Machi Big Brother's Hyperliquid position is effectively wiped out, and he is unlikely to add new margin in the short term.
Combined, the whale's losses in both the NFT and derivative markets reflect the ongoing liquidity crunch and increased volatility in early 2026. For ordinary investors, movements of such whales serve as a cautionary tale—though one should always make decisions based on personal risk tolerance and not blindly follow whales' actions.