Machi sold a Bored Ape he had held for 5 years at a loss of about $204,000.
According to PANews, citing monitoring by Lookonchain, Machi bought Bored Ape #2894 for 125 ETH 5 years ago and has now sold it for just 7.3 ETH—a loss of 117.7 ETH, or about $204,000. The source says the proceeds may have been used for leveraged trading; the word “may” indicates this is only speculation.
· What can be verified is the two sides of this transaction: 125 ETH in, 7.3 ETH out, for a loss of 117.7 ETH.
· This is a single-ape case. The source provides no data on the overall Bored Ape floor price or other holders, so it cannot be used to draw conclusions about the NFT market.
Looking only at this transaction, which matters more to you: the loss denominated in ETH, or the amount in dollars converted at the time?
According to PANews, citing monitoring by Lookonchain, Machi bought Bored Ape #2894 for 125 ETH 5 years ago and has now sold it for just 7.3 ETH—a loss of 117.7 ETH, or about $204,000. The source says the proceeds may have been used for leveraged trading; the word “may” indicates this is only speculation.
· What can be verified is the two sides of this transaction: 125 ETH in, 7.3 ETH out, for a loss of 117.7 ETH.
· This is a single-ape case. The source provides no data on the overall Bored Ape floor price or other holders, so it cannot be used to draw conclusions about the NFT market.
Looking only at this transaction, which matters more to you: the loss denominated in ETH, or the amount in dollars converted at the time?
