๐จ HE SOLD A BORED APEโฆ TO BUY MORE ETH. ๐๐ฅ
Machi (@machibigbrother) just sold Bored Ape #251 at a loss of 6.99
$ETH (around $12.4K).
Why?
To raise more capital for an even bigger ETH long position. ๐
His current position is massive:
๐ 5,264
$ETH ๐ฐ Worth approximately $9.38 MILLION
โ ๏ธ Liquidation price: $1,756.76
Thatโs a bold move.
Selling an NFT at a loss just to increase exposure to
$ETH shows strong conviction in Ethereumโs upside.
Will it pay off?
Only the market can answer that.
But one thing is clearโฆ
Whales are continuing to make aggressive bets on
$ETH , even if it means sacrificing other assets along the way.
Would you sell an NFT to buy more
$ETH ? ๐๐
$SXT #Ethereum #ETH #NFT #Crypto #Whales