2894

Machi just dumped Bored Ape #2894 for 7.3 ETH — he paid 125 ETH five years ago. $204K loss, cash raised to YOLO high-leverage trades.

Would you have sold at 7.3 ETH or held the bag?

CoinChain Midday Report | Key Updates at Noon on November 15

7:00–12:00 Keywords: Machi, USDT Premium, Trump
1. Federal Reserve report: AI risks are the biggest concern for U.S. financial stability;
2. Tom Lee: Six major reasons are driving continued selling pressure on crypto assets;
3. Machi sold Bored Ape #2894, taking a loss of about $204,000;
4. The U.S. government currently holds crypto assets worth approximately $20.57 billion in total;
5. The over-the-counter price of USDT on Binance briefly rose to 6.75 yuan, with its premium temporarily at 1.16%;
6. Trump: The stock market has shed $3 trillion since the election, and global investors do not accept the election results;
7. Bitwise CIO: The market needs to digest some long-term factors affecting it; another buying opportunity will emerge in the future.

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?

Machi bought Bored Ape #2894 five years ago for 125 of $ETH and sold it today for 7.3, taking a 94% loss—$204,000. The reason was to raise funds to use leverage. I’m not surprised blue-chip NFTs have fallen this far; what surprises me is that he actually listed it at this price. The people who used to say apes were hard currency are all silent now. The money from selling the ape will still end up in $BTC ’s contract. $BNB

$ETH Observation: Machi sells Bored Ape #2894, purchased 5 years ago, for 7.3 ETH, at a loss of approximately $204,000

As of now, the current price is 1805.87; the change over the past hour is +4.77%, the 24-hour range is 1711.08–1919.76, and trading volume is 1.009 billion.

The range and trading volume respectively reflect price volatility and trading activity.

A single snapshot in time can be misleading; looking at the data over a full week gives you a clearer picture.
For example: Machi sold Bored Ape #2894 at a loss of around $204,000; $ETH was down 4.86% intraday.
This kind of negative news is often amplified by panic, so it's better to look at it rationally.

@Binance BiBi

#ETH

Pay attention! Machi sells Bored Ape #2894, bought 5 years ago, for 7.3 ETH, taking a loss of about $204,000
There’s plenty of buzz in the news, but stick to your own position. $ETH Would you make a move?