Machi Big Brother sells BAYC to support $5.3 million Ether long

Jeffrey Huang, known as Machi Big Brother, sold Bored Ape Yacht Club #5715 for 8.3 ETH on August 13 after withdrawing 1,540 USDC from Binance, as he sought to keep a 2,800 ETH long position open on Hyperliquid. Lookonchain valued the NFT sale at about $15,570 and said the leveraged position was worth roughly $5.3 million with a liquidation price of $1,863.08. OpenSea records show the ape was bought for 34.17 ETH three years earlier, implying a roughly 75.7% decline in ETH terms and about a 76% drop in dollar terms from $64,600 to about $15,700. The Hyperliquid account labeled Machi Big Brother showed the 2,800 ETH position at 25x cross leverage, with an entry price of $1,898.23, a mark price of $1,891.80 and an unrealized loss of $18,027.89 as of 12:20 pm UTC. Funding payments had reached $133,788.12, pushing the break-even price to $1,947.36 and leaving the position only $28.72, or about 1.5%, above liquidation. Spot holdings on the account totaled $184,741.35. The NFT sale and Binance withdrawal together amounted to less than $17,200 against the $5.3 million position. The update adds detail to a broader pattern of liquidations and rapid repositioning tied to Huang's leveraged Ether trading and follows earlier reports that his Hyperliquid account had suffered repeated liquidations before he reopened a large ETH long.

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