From Bored Ape Collector to Selling at a Heavy Loss! 🥲
Machi just parted ways with Bored Ape #2894, and the numbers behind this sale are pretty painful.
He originally picked up the NFT for 125 ETH around five years ago. Now, he's letting it go for just 7.3 $ETH . That's a staggering 117.7 ETH gone, translating to roughly $204K in losses.
And what's the reason behind this exit? Apparently, he's freeing up capital for his high-leverage trading activities.
Quite a turnaround... an NFT that once cost a fortune is now being sold for a fraction of its original price, all to keep the trading game going.
NFT: https://opensea.io/item/ethereum/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d/2894
Machi just parted ways with Bored Ape #2894, and the numbers behind this sale are pretty painful.
He originally picked up the NFT for 125 ETH around five years ago. Now, he's letting it go for just 7.3 $ETH . That's a staggering 117.7 ETH gone, translating to roughly $204K in losses.
And what's the reason behind this exit? Apparently, he's freeing up capital for his high-leverage trading activities.
Quite a turnaround... an NFT that once cost a fortune is now being sold for a fraction of its original price, all to keep the trading game going.
NFT: https://opensea.io/item/ethereum/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d/2894
