Like, sold 31 BAYC for a week and got 231 ETH

Machi Big Brother sold 31 Bored Ape Yacht Club NFTs over the past week for 231 ETH, worth roughly $506,000, according to Lookonchain. All 31 tokens were sold below their purchase prices, leaving Machi with 75 BAYC NFTs at the time of reporting; the total loss across the batch was not disclosed. Lookonchain said the proceeds are being used to fund leveraged long positions. The sales follow an earlier transaction in which Machi sold three BAYC NFTs for 32.5 ETH against a 188 ETH purchase price, realizing a 155.5 ETH loss. Traders will be watching whether the continued liquidations signal mounting pressure on Machi's leveraged positions and whether the remaining 75 BAYC holdings face further sales.