Huang Lichang sold 31 Bored Apes at a loss over the past week, and all 231 ETH in proceeds were lost in trading.
Original headline黄立成过去一周亏本出售 31 枚无聊猿，所得 231 ETH 交易亏尽
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Machi Big Brother (Huang Licheng) sold 31 Bored Ape Yacht Club NFTs at a loss over the past week, raising roughly 231 ETH (about $506,000) that was subsequently wiped out in trading, according to Lookonchain. The proceeds were used to fund leveraged long positions, and he still holds 75 Bored Ape NFTs. The liquidation of blue-chip NFTs to shore up leveraged bets highlights the strain that sustained leverage can place on crypto-native collectors' balance sheets. Watch whether further Bored Ape sales follow if his long positions remain under pressure, and what the continued supply overhang means for BAYC floor prices.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
黄立成, Bored Ape Yacht Club, ETH (ETH), Lookonchain
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