Lookonchain
Prominent NFT trader Machi (@machibigbrother) has sold 34 Bored Apes over the past month for 326 ETH ($514K), realizing a loss of 399 ETH ($631K) on the disposals, including a 90% drawdown on Bored Ape #6057 alone, which he sold for 7.65 ETH after paying 76.84 ETH four years ago.
The sales are funding aggressive $ETH longs on Hyperliquid, where he has been repeatedly liquidated. Most recently, three hours before the post, his account was wiped down to roughly $81K in equity, a fraction of the capital he has been rotating out of his NFT holdings to deploy.
Why it matters
The sequence matters: NFTs sold at structural losses to meet margin calls and fund new directional bets is the classic late-cycle distress pattern. Machi's Ape stack, accumulated at the 2021 peak, has lost most of its value, and the capital is being redeployed into leveraged ETH exposure on a perps venue rather than parked on the sidelines.
Market impact
Whale-scale forced selling of NFTs is not itself a price catalyst for ETH, but the signal that a high-profile trader is willing to crystallize nine-figure paper losses to keep a leveraged long alive is a notable sentiment tell. With his Hyperliquid account down to roughly $81K, any further liquidation cascade would compound the pain. Watch whether the selling accelerates or whether he rotates into spot ETH instead.
Source: [MachiBigBrother - Profile | OpenSea](https://opensea.io/MachiBigBrother)
Frequently asked questions
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Who is Machi Big Brother?
Machi (@machibigbrother) is a prominent NFT and crypto trader known for accumulating Bored Ape Yacht Club NFTs at the 2021 peak and for running large directional positions on perps venues like Hyperliquid.
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How much did Machi lose selling his Bored Apes?
Over the past month he sold 34 Bored Apes for 326 ETH ($514K), realizing a loss of 399 ETH ($631K). His biggest single loss was Bored Ape #6057, sold for 7.65 ETH against a 76.84 ETH purchase price four years ago.
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What is Machi using the Ape sale proceeds for?
He is rotating the ETH proceeds into leveraged long positions on Hyperliquid, the on-chain derivatives venue where he has been repeatedly liquidated.
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How much equity is left in Machi's Hyperliquid account?
As of the most recent liquidation reported, roughly $81K remained in his account, down sharply from prior levels after multiple liquidation events.
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