On-chain monitoring service Lookonchain flagged a wallet move by Machi (@machibigbrother). The address withdrew 1,540 USDC from Binance and sold Bored Ape #5715 for 8.3 ETH, worth around $15,600. The NFT was purchased three years earlier for 34.17 ETH, meaning the sale returned approximately 24.3% of the original ETH amount. Lookonchain data further shows Machi currently holds a long position of 2,800 ETH, valued at roughly $5.3 million, with a liquidation price of $1,863.08.
Lookonchain says Machi (@machibigbrother) pulled 1,540 USDC off Binance and sold Bored Ape #5715 for 8.3 ETH, or roughly $15,600.
Original purchase: 34.17 ETH three years ago
On-chain records say Machi bought the NFT three years ago for 34.17 ETH. The new sale brought back 8.3 ETH. That’s about 24.3% of the original ETH amount.
Current ETH long position
Lookonchain also says Machi now holds a long position of 2,800 ETH, valued at about $5.3 million. And that position has a liquidation price of $1,863.08.
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