BAYC NFT Sold at 89.4% Loss as ETH Longs Reach 3450 ETH

Major holder Ma Ji Da Ge Huang Li Cheng liquidated BAYC #5670 at a steep loss, reallocating capital to expand ETH long exposure to $6.44M with a liquidation threshold of $1839.

Monitored by Woofun AI, Ma Ji Da Ge Huang Li Cheng sold BAYC 5670 for 9 ETH after acquiring it five years prior for 85 ETH. This transaction realized a loss of 76 ETH, representing an 89.4% decline in value. Following the sale, the entity deployed proceeds to increase ETH long positions to 3450 ETH, valued at approximately $6.44 million. The current liquidation price for these positions stands at $1839.37.