Machi Big Brother Sells BAYC #7256 Again at a Loss
According to monitoring by Onchain Lens, Huang Licheng (Machi Big Brother) sold another Bored Ape at a loss. BAYC #7256 was sold for 7 ETH (about $14,850), after being bought 3 years ago for 34.2 ETH (about $62,710), for a loss of about $47,870.
Original source:
Title: MACHI BIG BROTHER SELLS ANOTHER BORED APE AT A $47.87K LOSS Publisher: Onchain Lens (@OnchainLens) Publication date: 2026-11-10 URL: https://x.com/OnchainLens/status/2120031200000000000（原帖引用自相关报道） Source nature: Original post from an on-chain monitoring account Verification status: Through media paraphrasing and cross-checking with OpenSea data, the sale price and historical purchase price were confirmed to match; verification date 2026-11-10 Supporting content: Supports the facts that BAYC #7256 was sold for 7 ETH, was bought 3 years ago for 34.2 ETH, and that the corresponding dollar loss was about $47.87K
ABAB AI Insight
Huang Licheng (Jeffrey Huang, often active under the Machi Big Brother identity) is a well-known crypto investor and NFT collector, and he was an early holder of high-value NFTs such as BAYC. In recent days, he has continued selling multiple Bored Apes through OpenSea, including the previous three pieces with a combined loss of about $246,000, as well as this #7256. This concentrated selling has occurred against the backdrop of weaker overall NFT market liquidity and floor prices that have fallen sharply from their peaks.
In terms of holding cost, #7256 was bought 3 years ago for 34.2 ETH, when both ETH prices and NFT valuations were at relatively high levels; this time it was sold for 7 ETH, for a loss of about 27.2 ETH and about $47,900 in dollar terms, a decline of about 76%. A similar pattern has also appeared in his other recent BAYC transactions, reflecting forced monetization of positions bought at high levels during a market downturn.
Compared with the BAYC peak in 2021-2022, current trading volume and average transaction prices have declined significantly, and concentrated selling by large holders further weakens the liquidity of specific rare NFTs. Huang Licheng previously also held derivative positions such as leveraged ETH longs; NFT liquidation may be related to overall position management or liquidity needs, but the specific motive has not been publicly explained by him.
This transaction further shows that blue-chip NFTs bought early at high prices are becoming increasingly difficult to monetize in the current market environment, and holders must bear significant time and price risks. Indicators to watch include whether Huang Licheng continues to sell the remaining BAYC holdings and whether the BAYC floor price further declines due to similar selling.
ABAB News · Cognition Law
Huang Licheng has recently sold multiple BAYC items in succession, and the dollar loss on #7256 alone over a three-year holding period was about $47,900.
The sale price of 7 ETH was far below the 34.2 ETH purchase cost three years ago, reflecting the NFT market's retreat from its highs.
On-chain monitoring shows that he is monetizing his holdings through OpenSea, and the specific reason has not been publicly explained by him.