Lookonchain data shows Machi (@machibigbrother) sold Bored Ape 5670 for 9 ETH today, five years after buying it for 85 ETH — a loss of 76 ETH (~$142,000, or 89.4%). Proceeds went back into an ETH long: current position 3,450 ETH ($6.44M), liquidation price at $1,839.37.
Machi (@machibigbrother) sold Bored Ape 5670 for just 9 ETH today, according to on-chain monitoring by Lookonchain. He bought the NFT for 85 ETH five years ago.
The trade locks in a loss of 76 ETH, roughly $142,000 — an 89.4% decline from the purchase price.
Machi didn't step away from the market after the sale. The proceeds went toward sustaining his ETH long position.
That position currently holds 3,450 ETH, worth about $6.44 million, with a liquidation price set at $1,839.37.
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