Markets· ★★· neutral·

Machi sells two Mutant Apes at a loss of 11.28 ETH

  • —Two Mutant Apes sold at 1 ETH each
  • —Original purchases cost 6.13 and 7.5 ETH
  • —Loss totaled 11.28 ETH, about 85%
  • —Proceeds will fund trading on Hyperliquid
Why it matters: The NFT fire sale shows large traders rotating out of NFTs and into perpetuals at the bottom of the market.
Source: PANews
More on this
Markets · Oct 8
Machi cuts ETH long by 16,600 coins, realizing $2.63M loss
 DeFi · Oct 20
Machi loses $833K trading on Papertrade as PAPER airdrop fails to cover losses
 Markets · Oct 21
Whale's $32.7M ETH short fully liquidated with $1.11M loss in two days