Jeffrey Huang takes $47.9K loss on BAYC NFT sale

Taiwanese singer Jeffrey Huang, known as Machi Big Brother, sold BAYC NFT #7256 at a loss of about $47,870, according to Onchain Lens. The sale price was 7 ETH, or $14,850, which was 27.2 ETH below the 34.2 ETH Huang paid three years ago. CoinNess previously reported Huang had effectively wrapped up ETH long-position trading carried out over the past 18 months, with cumulative losses reaching $37.46 million.