Jeffrey Huang sells BAYC NFT at loss to raise funds for ETH long

Taiwanese singer Jeffrey Huang, also known as Machi Big Brother, sold Bored Ape Yacht Club NFT #6801 for 8.61 ETH two hours ago, taking a 14.89 ETH loss, or about $28,000, according to Lookonchain. Huang had bought the NFT for 23.5 ETH three years ago. Lookonchain said the sale was intended to raise additional funds after the liquidation of Huang's Ether long position.