Bored Ape #5670 Sold at 89.4% Loss to Cover ETH Longs

Huang Licheng liquidates Bored Ape #5670 for 9 ETH, realizing a 76 ETH loss. Proceeds bolster his 3,450 ETH long position, valued at $6.44M.

Woofun AI reports that Huang Licheng disposed of Bored Ape 5670 for 9 ETH, realizing a loss of 76 ETH on the asset acquired five years prior for 85 ETH. The transaction resulted in an 89.4% decline in value, equating to approximately $142,000.

The proceeds were deployed to reinforce his existing long exposure to ETH. Huang currently maintains a position of 3,450 ETH, with a total valuation of $6.44 million.