「Buddy」 Cuts Losses at 89.4%, Adds to ETH Long After Selling BAYC NFT

August 5th, according to LookIntoChain monitoring, the "Whale Brother" Huang Licheng bought Bored Ape Yacht Club #5670 5 years ago for 85 ETH. Today, he sold it for only 9 ETH, suffering a loss of 76 ETH (about $142,000), representing a loss of 89.4%. Subsequently, he used the proceeds to further support his ETH long position. His current long position is 3450 ETH (about $6.44 million), with a liquidation price of $1839.37.