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Machi Sells Bored Ape Bought for 125 ETH for 7.3 ETH After Five Years

Crypto investor Machi sold a Bored Ape NFT he bought five years ago for 125 ETH for 7.3 ETH, taking an approximately 94% loss in Ethereum terms.

According to a November 15 post by Lookonchain, Machi sold Bored Ape collection NFT #2894. The difference between the purchase and sale prices was 117.7 ETH.

Lookonchain suggested that the sale was made to fund highly leveraged trades. The post did not say whether the proceeds were used for those trades.

Not investment advice.

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