Add as a preferred source on Google黄立成 Sells Three More BAYC NFTs to Fund $1.479 Million Ether Longs
The sales follow a Nov. 7 Bored Ape Yacht Club (BAYC) #32 sale for 12.5 Ether (ETH), when a 540 ETH long showed a $32,000 unrealized loss.
黄立成, known as 「麻吉大哥」, sold three more Bored Ape Yacht Club (BAYC) NFTs to fund additional Ether (ETH) long positions valued at about $1.479 million.
On Nov. 7, he sold BAYC #32 for 12.5 ETH, about $28,000. His position then was a 25x leveraged long covering 540 ETH, with an entry price of $2,304.23 and a liquidation price of $2,203.40. It showed an unrealized loss of $32,000. He had been liquidated on Nov. 6.
During the five days leading into Nov. 7, he sold 15 NFTs at a loss of $505,000. Those sales raised $223,000, which was quickly lost. The three additional BAYC sales were used to support continued Ether long positions.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.