Machi Big Brother has sold another batch of Bored Ape Yacht Club NFTs at a steep loss while continuing to trade leveraged ETH longs on Hyperliquid. Lookonchain’s latest tracking post puts the
Machi Big Brother has sold another batch of Bored Ape Yacht Club NFTs at a steep loss while continuing to trade leveraged ETH longs on Hyperliquid.
Lookonchain’s latest tracking post puts the past-month sales at 34 Bored Apes for 326 ETH, worth about $514,000 at current prices. The same tracking places the realized loss near 399 ETH, or about $631,000, as older high-cost Ape purchases were sold into a much weaker NFT market.
The largest reported loss came from Bored Ape #6057. Machi bought the NFT four years ago for 76.84 ETH and sold it for 7.65 WETH, a roughly 90% ETH-denominated loss. The latest OpenSea activity shows #6057 leaving Machi’s wallet for 7.65 WETH, alongside several other recent BAYC sales between roughly 7.7 ETH and 21.1 WETH.
The sales add another forced-liquidity layer to one of crypto’s most visible leverage stories. Machi is not only taking losses on ETH perps. He is also selling long-held blue-chip NFTs into a weaker floor market while trying to keep capital available for derivatives trading.
Bored Ape Yacht Club was once the flagship NFT collection for high-value crypto-native wealth. Machi was one of its most visible holders, and his sales now show how thin liquidity becomes when large holders try to turn NFTs back into ETH during a market drawdown.
OpenSea listed the BAYC floor near 8.87 ETH when checked, with recent activity from Machi’s profile showing several sales close to that range. Even well-known Apes can trade at deep discounts to peak-cycle purchase prices when buyers have more supply to choose from and fewer traders are bidding aggressively.
The loss on #6057 captures the scale of the NFT repricing. A 76.84 ETH purchase falling to a 7.65 WETH sale is not only a dollar loss. It is a collapse in ETH terms, which makes the trade harder to explain as only a function of ETH’s own price decline.
Blue-chip NFT demand has not disappeared entirely. CryptoPunk #4441 recently sold for 278 ETH, showing that rare, high-value NFTs can still attract large bids. Machi’s BAYC sales point to a different market condition: selective demand at the top, thinner liquidity across other once-premium collections and weaker exit prices for holders trying to raise ETH quickly.
The latest selling also follows a broader period of stress across high-value NFT markets. CryptoAdventure recently tracked how Yuga Labs rescued BAYC and other major NFTs from a Flooring Protocol exploit risk, showing how blue-chip collections remain exposed to thin liquidity, protocol risk and forced selling pressure.
Machi’s NFT sales are happening while his Hyperliquid trading account continues to absorb liquidation hits. Lookonchain said he was liquidated again about three hours before the post, leaving the account with only about $81,000.
That continues a pattern CryptoAdventure has tracked for months. Machi previously faced another major Hyperliquid liquidation after increasing a 25x ETH long during Ethereum weakness. Earlier this year, a 250,000 USDC reload also failed to stabilize his ETH exposure before another liquidation pushed the account down near $76,000.
The repeated cycle is visible across the same pattern: sell assets, add margin, rebuild an ETH long, face another forced exit when price moves against the position. Each liquidation reduces the account’s ability to survive the next move, while each NFT sale turns long-term illiquid holdings into short-term trading collateral.
ETH traded near $1,574 when checked. At that price, the 326 ETH raised from the past-month Bored Ape sales was worth about $514,000, while the 399 ETH loss was worth about $628,000. The latest liquidation left Machi’s Hyperliquid balance near $81,000, keeping attention on whether more NFT sales follow if the ETH long trade remains under pressure.
The post Machi Sells Bored Apes At Loss As Hyperliquid ETH Long Gets Liquidated Again appeared first on Crypto Adventure.
