Markets· ★★· bearish·

Machi Big Brother sold over 60 NFTs in six months, losing more than 1,000 ETH

  • —More than 60 NFTs sold over six months
  • —Losses topped 1,000 ETH, or about $2.35 million
  • —Proceeds went into high-leverage perpetuals
Why it matters: The case shows prominent traders liquidating NFT holdings to fund leveraged bets as the market weakens.
#ETH
Source: PANews
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