Bored Ape Trader Jeff Huang Suffers Over $630,000 Loss, Continues Risky Trading Strategies

Crypto trader and Bored Ape NFT holder Jeff Huang has been selling his digital art collection at a significant loss to raise funds for Ethereum (ETH) long positions on Hyperliquid. According to monitoring data from Lookonchain, in the past month, Huang sold 34 Bored Apes, totaling 326 ETH (approximately $514,000), resulting in a loss of 399 ETH (around $631,000).

Huang's biggest loss occurred with Bored Ape #6057, which he purchased four years ago for 76.84 ETH but has now sold for only 7.65 ETH, suffering a loss as high as 90%. Despite this, Huang continues to engage in risky trading strategies, including force-liquidating his positions multiple times on Hyperliquid.

Just three hours ago, he was liquidated again, leaving him with a remaining balance of $81,000 in his account. The recent market volatility has taken its toll on Huang's trading activities, raising questions about the sustainability of his strategies and the risks involved in leveraging NFTs for crypto trading.