Huo Xing Cai Jing reports that on August 5, according to Lookonchain data, Huang Licheng, known as "Maji Dage," purchased BAYC #5670 five years ago for 85 ETH and sold it today for only 9 ETH, incurring a loss of 76 ETH (approximately $142,000), a loss rate of 89.4%. He subsequently reinvested the proceeds to further bolster his ETH long position. His current position stands at 3,450 ETH (approximately $6.44 million), with a liquidation price of $1,839.37.
Maji Brother sells BAYC NFT at an 89.4% loss, increases ETH long position
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Summary
Maji Brother Hsieh Li-cheng sold his BAYC #5670 NFT for 9 ETH on August 5, 2026, realizing a 76 ETH loss. The move reflects a calculated risk-to-reward ratio, as he added the proceeds to his ETH position trading strategy. His long ETH position now totals 3,450 ETH, valued at $6.44 million, with a liquidation price of $1,839.37.
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