Machi Big Brother sells Bored Ape #6801 at 14.89 ETH loss after liquidation
Lookonchain said Jeffrey Huang, also known as Machi Big Brother, sold the NFT for 8.61 ETH after buying it for 23.5 ETH three years earlier to raise funds following the liquidation of an Ether long position.
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Fact Check
The originating Lookonchain X post (published 2026-07-24) states exactly what the claim reports: Machi Big Brother sold Bored Ape #6801 for 8.61 ETH, bought 3 years ago for 23.5 ETH, taking a 14.89 ETH ($28K) loss to raise funds for his ETH long after being liquidated. Secondary outlets CoinNess and BlockBeats corroborate the same figures and attribute them to Lookonchain. All numeric and contextual details align across sources.
Summary
Jeffrey Huang, also known as Machi Big Brother, sold Bored Ape Yacht Club NFT #6801 for 8.61 ETH, realizing a 14.89 ETH loss after buying it for 23.5 ETH three years earlier, according to Lookonchain. The on-chain monitoring account said the sale came about two hours before it reported the transaction and was intended to raise additional funds after the liquidation of Huang's Ether long position. The implied loss was about $28,000.
Terms & Concepts
- liquidation: The forced closing of a leveraged position after losses erode required collateral.
- Ether long position: A trade structured to profit if Ether's price rises.
- Bored Ape Yacht Club NFT: A digital collectible from the Bored Ape Yacht Club collection on Ethereum.