TechFlow reports, according to on-chain analyst Yu Jin, Machi Big Brother (machibigbrother.eth) has sold a total of 4.03 million APE (worth $6.72 million) at an average price of $1.668 over the past 40 days, and subsequently used the proceeds to buy 10.43 million BLUR at an average price of $0.522 (totaling $5.45 million).
Previously, between August 14 and November 23, Machi spent $8.59 million to accumulate 5.77 million APE at an average cost of $1.31 per token. Starting from November 24, he began selling his APE holdings and deployed most of the proceeds into purchasing BLUR.
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