Machi, also known as Jeffrey Huang, was liquidated again on July 24, according to on-chain tracker Lookonchain. To raise funds and keep his ETH long position open, he then sold a Bored Ape Yacht Club NFT at a loss. Data cited by Lookonchain shows that about two hours earlier, Machi sold Bored Ape #6801 for 8.61 ETH. He had bought the NFT three years ago for 23.5 ETH, meaning the sale locked in a loss of 14.89 ETH. Based on the figures provided in the report, that loss was worth about $28,000. The transaction came shortly after the latest liquidation tied to his address.
Machi, also known as Jeffrey Huang, was liquidated again on July 24, according to Lookonchain.
To raise funds and maintain his ETH long position, he then sold a Bored Ape Yacht Club NFT at a loss. Data shows that about two hours earlier, Machi sold Bored Ape #6801 for 8.61 ETH.
He had previously bought the NFT three years ago for 23.5 ETH. The sale resulted in a loss of 14.89 ETH, or about $28,000.
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