Machi's Bored Ape Sales Show Thin NFT Liquidity and Repeated Liquidation Stress

Machi Big Brother is facing another wave of financial stress as he sells Bored Ape Yacht Club NFTs at significant losses. According to Lookonchain's tracking, Machi has sold 34 Bored Apes for 326 ETH over the past month, worth around $514,000 at current prices. However, his realized loss stands at near 399 ETH, or about $628,000, as he offloads older high-cost Ape purchases into a weaker NFT market.

The largest reported loss came from Bored Ape #6057, which Machi bought four years ago for 76.84 ETH and sold for 7.65 WETH, resulting in a roughly 90% ETH-denominated loss. This sale is part of a larger pattern where Machi is selling long-held blue-chip NFTs into a weaker floor market while trying to keep capital available for derivatives trading.

The sales demonstrate how thin liquidity has become when large holders try to turn NFTs back into ETH during a market drawdown. Bored Ape Yacht Club was once the flagship NFT collection for high-value crypto-native wealth, and Machi's sales show that even well-known Apes can trade at deep discounts to peak-cycle purchase prices.

Machi's Hyperliquid trading account continues to absorb liquidation hits, with his latest liquidation leaving him with around $81,000. This follows a pattern of repeated liquidations across the same cycle: sell assets, add margin, rebuild an ETH long, face another forced exit when price moves against the position.