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Jeffrey Huang Sells Three Bored Ape NFTs at 155.5 ETH Loss

Crypto trader Jeffrey Huang, known as Machi Big Brother, sold three Bored Ape Yacht Club NFTs for 32.5 ETH, incurring a 155.5 ETH loss against their combined 188 ETH purchase cost. In fiat terms, the sales generated approximately $72,460 against an initial valuation of $318,730, producing a $246,270 deficit. The largest single decline came from BAYC #32, which traded for 12.5 ETH after a 105 ETH purchase. Huang previously rotated sales proceeds to fund a $1.479 million 25x leveraged Ether long position following a prior liquidation.

Category

Ethereum

Sentiment

Mixed

Event

Analyst flows

Reading time

1 min