BlockBeats, August 5. Lookonchain monitoring shows that Huang Li-cheng, known as 'Maji Big Brother', sold BAYC #5670 today for only 9 ETH. He had bought the NFT for 85 ETH five years ago. The sale resulted in a loss of 76 ETH, roughly $142,000, or an 89.4% decline from the original purchase price. After the sale, Huang used the proceeds to support his ETH long position. That position now holds 3,450 ETH, worth about $6.44 million, with a liquidation price of $1,839.37.
BlockBeats News, August 5 — Huang Li-cheng, known as 'Maji Big Brother', has exited his five-year-old BAYC position at a steep loss, according to on-chain data tracked by Lookonchain.
Lookonchain monitoring shows that Huang bought BAYC #5670 for 85 ETH five years ago and sold it today for only 9 ETH. That trade cost him 76 ETH, or about $142,000, an 89.4% loss on the original purchase.
Following the sale, Huang put the proceeds into his ETH long position. The position currently holds 3,450 ETH, worth around $6.44 million, with a liquidation price of $1,839.37.
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