Machi was liquidated again after selling 15 NFTs at a $505,000 loss over four days and quickly losing the $223,000 he raised.
A November 6 post by on-chain tracking platform Lookonchain revealed that the proceeds crypto investor Machi raised from NFT sales had also evaporated. The 15 NFTs sold brought in $223,000, while the reported loss on those sales was $505,000.
Proceeds from NFT sales are gone, too
Lookonchain reported that the $223,000 raised from the sales was wiped out quickly and that Machi was liquidated again. The post did not detail which position or trading steps led to the loss.
As a result, there is no transaction record linking the NFT sales to a new position opened in a specific coin; the reported development is that the money left over after the loss-making sales was also lost.
Losses on Hyperliquid reach $37.4 million
According to the platform’s latest figures, Machi’s losses on Hyperliquid reached $37.4 million, while his losses on Papertrade reached $909,000.
These figures show the results on two separate platforms. Lookonchain did not separately specify the size of the latest liquidation or which platform the proceeds from the NFT sales were lost on.
Not investment advice.