Bullish
Bored Ape 5670 Sold at 89.4% Loss to Back $6.44M ETH Long
2026-08-05 12:05
Machi liquidated Bored Ape 5670 for 9 ETH after holding for five years, realizing a 76 ETH loss. Proceeds reinforce a $6.44M ETH long position with a $1,839 liquidation threshold.
Woofun AI reports that Machi disposed of Bored Ape 5670 for 9 ETH, marking an exit after a five-year holding period. The asset was originally acquired for 85 ETH, resulting in a realized loss of 76 ETH, equivalent to approximately $142,000, representing an 89.4% decline in value.
The proceeds from the sale were allocated to sustain an existing ETH long position. The position currently comprises 3,450 ETH, valued at $6.44 million, with a liquidation price set at $1,839.37.
WOOFUN AI
Impact Assessment · Quick Read
The disposal of a high-profile NFT at a significant loss to fund leveraged exposure highlights the continued integration of digital collectibles into broader trading strategies. By converting illiquid assets to support a large ETH long, the trader demonstrates a strong conviction in Ethereum's price trajectory despite the immediate capital impairment. The specific liquidation level provides a clear reference point for market participants monitoring potential sell-side pressure if ETH approaches the $1,839 threshold.
Generated by WOOFUN AI · For reference only, not investment advice
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