Machi Big Brother Sells Third Mutant Ape as 315 Ether (ETH) Long Nears Liquidation

Machi Big Brother sold a third Mutant Ape Yacht Club (MAYC) non-fungible token for 1 Ether (ETH) shortly after midnight ET on Oct. 23, following two sales late the previous evening.

The first two sales took place at 8:09 p.m. and 8:58 p.m. ET on Oct. 22. All three NFTs sold for 1 ETH each. The two earlier sales involved NFTs held for three years, with listed purchase prices of 6.13 ETH and 7.5 ETH.

At 5:35 a.m. ET (9:35 UTC) on Oct. 24, Machi Big Brother’s Hyperliquid account had a net value of about $21,700 and one open position: a 315 ETH long using 25x leverage. The position had a notional value of about $743,000, an average entry price of $2,447.57 and an unrealized loss of about $27,900.

Ether was trading around $2,359 in that snapshot, compared with the position’s $2,336.93 liquidation price, a gap of less than 1%. The account had no withdrawable balance.