Machi Sells Bored Ape NFT #2894 for 7.3 Ether After 125 ETH Purchase

Machi sold Bored Ape Yacht Club (BAYC) NFT #2894 for 7.3 Ether (ETH), turning a 125 ETH purchase into a 117.7 ETH loss while raising funds for high-leverage trading.

Machi had bought the NFT five years earlier for 125 ETH. The sale proceeds were 117.7 ETH below that price, a loss valued at about $204,000.

Machi made the sale to raise funds for high-leverage trades.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].