「Pal」 Sells Bored Ape Yacht Club to Add to Ethereum Long Margin, Calls for More Tom Lee

BlockBeats News, June 26, according to HyperInsight monitoring, the "Big Brother Whale" Huang Lizheng faced a crisis in his ETH long position. He sold one of the 150 "Bored Ape Yacht Club (BAYC)" apes and used the proceeds to add margin and further increase his long position, with a transaction price equivalent to about 10 ETH. The Whale's account has accumulated a loss of $33.85 million, with a $2.43 million loss in the past month.

The "Big Brother Whale" Huang Lizheng himself just posted, saying, "We need more Tom Lee. I'm about to be liquidated by 8%." His Ethereum position is currently worth $1.64 million, with an average entry price of $1,562.21 and a liquidation price of $1,538.84.