Famous Crypto Investor Sold His NFTs at a Loss: The Money He Raised Also Melted Away
Original headlineÜnlü Kripto Yatırımcısı NFT’lerini Zararla Sattı: Topladığı Para da Eridi
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Crypto investor Machi sold 15 NFTs over four days at a $505,000 loss, raising about $223,000 in the process, according to on-chain tracker Lookonchain's November 6 report. The proceeds from that sale were then wiped out in a short period as his position was liquidated again. The episode matters because it shows how leveraged NFT-backed positions can unravel quickly even for prominent traders, compounding realized losses with fresh liquidation hits. Market watchers will be focused on whether Machi rebuilds exposure or de-risks further, and on Lookonchain's follow-up tracking of his wallet activity.
Muhabbit's AI wrote this summary in its own words from Koinbülteni's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
Machi, NFT, Lookonchain