According to Lookonchain, Huang Licheng purchased Bored Ape #5670 five years ago for 85 ETH and sold it today for 9 ETH, resulting in a loss of 76 ETH ($142,000, -89.4%). The proceeds were used to support his ETH long position, and he currently holds 3,450 ETH ($6.44 million).
Huang Licheng sells Bored Ape #5670 at an 89.4% loss to support his ETH long position.
AiCoinShare
Summary
Huang Licheng sold Bored Ape #5670 for 9 ETH today, incurring a 76 ETH (approximately $14.2 million, -89.4%) loss compared to his original purchase price of 85 ETH five years ago. The proceeds are now reinforcing his long ETH position, with his portfolio holding 3,450 ETH ($6.44 million). This move aligns with his strategy of managing key support and resistance levels in the ETH market, reflecting a calculated risk-to-reward approach that prioritizes long-term exposure over short-term NFT gains.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.