"Brother Musk" Trims BAYC Holdings to Add to ETH Long Position

BlockBeats News, August 13th, according to OnchainDataNerd monitoring, the "Whale Lord" has recently seen increased financial pressure, as they withdrew only 1540 USDC from Binance. Simultaneously, to maintain their ETH long position, they sold Bored Ape Yacht Club #5715 for 8.3 ETH (approximately $15,600), while the NFT was purchased three years ago for 34.17 ETH (equivalent to around $64,000 at that time).

Currently, their ETH long position is 2,800 ETH, valued at around $5.3 million, with a liquidation price of $1,863.08.