Machi Big Brother Sells 3 Mutant Apes at 1 ETH Each, an 85% Loss in Ethereum (ETH)

Machi Big Brother Sells 3 Mutant Apes at 1 ETH Each, an 85% Loss in Ethereum (ETH)

A 315 ETH long on Hyperliquid, marked to an unrealized loss of about $27,900 and sitting less than 1% above its liquidation price, stands behind a string of sales recorded on Oct. 23. On-chain records show the wallet machibigbrother.eth, tied to Machi Big Brother (Jeff Huang), sold three Mutant Ape Yacht Club NFTs for 1 ETH each. The sales represent an approximate 85% loss in value compared to previous market valuations of the assets.

The liquidation risk on the Hyperliquid position remains critical, with the margin buffer extremely thin as the price action threatens to trigger a forced close of the leveraged trade. This financial pressure coincides with the disposal of high-value digital collectibles, highlighting the liquidity needs or strategic rebalancing by the prominent crypto influencer.