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Machi Sells 34 Bored Apes at $631K Loss to Fund ETH Trade, Gets Liquidated 3 Hours Ago

GateNews
Derivatives Data
ETH-0.51%
HYPE-2.97%
According to PANews and on-chain data platform Lookonchain, Machi (Huang Licheng) sold 34 Bored Ape NFTs over the past month, receiving 326 ETH (approximately $514K) but suffering a total loss of 399 ETH (approximately $631K). The sales were conducted to raise capital for a leveraged long position on Ethereum via Hyperliquid. The largest single loss occurred on Bored Ape #6057, which dropped from 76.84 ETH to 7.65 ETH—a 90% loss. As of June 28, Machi experienced multiple forced liquidations on Hyperliquid, with the most recent occurring 3 hours ago, leaving the account with only $81K remaining.
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Comment
0/400
GateUser-2fc9a3cdvip
· 1h ago
This liquidation is really great—it's even gone through to the other side like that. I’m genuinely amazed.
View OriginalReply0
Toanmobilevip
· 1h ago
6057, down from 76.84 ETH to 7.65 ETH—a 90% loss. As of June 28, Machi has experienced multiple forced liquidations on Hyperliquid, the most recent 3 hours ago, leaving the account with only $81K .
View OriginalReply0