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Machi (Huang Licheng) is selling Bored Apes at a loss to raise funds for going long on ETH on Hyperliquid. Over the past month, Machi has sold 34 Bored Apes for a total of 326 ETH (approximately $514k), incurring a loss of 399 ETH (approximately $631k). Machi's biggest loss came from Bored Ape #6057 , which he bought four years ago for 76.84 ETH and now sold for only 7.65 ETH, a loss of 90%. Meanwhile, Machi has been liquidated multiple times on Hyperliquid. Just 3 hours ago, he was liquidated again, leaving only $81k in his account.