TechFlow News, June 28: According to Lookonchain monitoring, Machi Brother is selling Bored Ape NFTs at a loss to fund his ETH long position on Hyperliquid. Over the past month, Machi has sold 34 Bored Apes for 326 ETH (approximately $514,000), incurring losses totaling 399 ETH (approximately $631,000).
The largest loss came from Bored Ape #6057, which he purchased four years ago for 76.84 ETH and recently sold for just 7.65 ETH—a 90% loss.
Meanwhile, Machi has been liquidated multiple times on Hyperliquid. Just about three hours ago, he was liquidated again, leaving only approximately $81,000 remaining in his account.
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