TREE NEWS reports: Machi (@machibigbrother) sold two Mutant Ape NFTs held for three years at 1 ETH each, realizing a combined loss of 11.28 ETH, or 85%. The two NFTs were originally purchased for 6.13 ETH and 7.5 ETH. The proceeds will be used for further trading and paper trading on Hyperliquid.
Machi Sells Two Mutant Ape NFTs for 1 ETH Each, Realizing 11.28 ETH Loss
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AI take
The exit matters less for its size than for what it signals: a well-known NFT trader liquidating a three-year Mutant Ape position at an 85% loss and routing the proceeds into Hyperliquid trading. That is a rotation from blue-chip NFT exposure toward perp and paper trading, and it speaks to how thin conviction in legacy NFT floors has become. Whether this is an isolated portfolio decision or part of a broader migration of NFT-native capital into trading venues is the open question worth watching.
Generated by AI for reference only.
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