Machi-linked wallet sells Bored Ape #251 to add funds to 5,264 ETH long
The address realized a 6.99 ETH loss, about $12,400, while supporting an Ether leveraged position worth roughly $9.38 million, Lookonchain said on July 14.
ETH
Fact Check
The claim is confirmed by the original Lookonchain X post (published 2026-07-14T08:07:52Z), which is the cited primary source for all four caller-supplied links. Every specific figure matches: 6.99 ETH (~$12,400) loss on Bored Ape #251, a 5,264 ETH (~$9.38M) long position, and the seller identified as Machi (@machibigbrother). Phemex, Odaily, and BlockBeats independently reproduce the same numbers and attribution. The one caveat is that on-chain-analytics attribution ('Machi-linked wallet') and derivative position values are Lookonchain's interpretation rather than an entity's own disclosure, but corroboration across sources tracing to the same monitoring report is strong.
Summary
A wallet linked to “Machi” sold Bored Ape #251 on July 14 at a loss of 6.99 ETH, or about $12,400, as it moved to raise more funds for an ETH long position, according to Lookonchain. The address is currently holding a 5,264 ETH long worth about $9.38 million, with a liquidation price of $1,756.76. The sale highlights how NFT holdings can be used as a source of liquidity when traders need to support leveraged crypto bets and reduce the risk of forced liquidation.
Terms & Concepts
- ETH long position: A bet that Ether's price will rise.
- liquidation price: Price level where a leveraged position is forcibly closed.
- Bored Ape #251: An NFT from the Bored Ape Yacht Club collection.