Machi Big Brother Sells Bored Ape NFT at Loss to Fund $5.3M ETH Long

The post Machi Big Brother Sells Bored Ape NFT at Loss to Fund $5.3M ETH Long appeared first on Coinpedia Fintech News

Machi Big Brother, the crypto trader also known as Jeffrey Huang, sold Bored Ape NFT #5715 for 8.3 ETH, worth about $15,570. He had bought the NFT three years ago for 34.17 ETH, taking a significant loss on the sale. The proceeds were used to support his 2,800 ETH long position worth about $5.3 million, …