Buddy Realizes 89.4% Loss on BAYC Sale, Adds to ETH Long

Whale 'Buddy' sold BAYC #5670 for 9 ETH after buying at 85 ETH, realizing an 89.4% loss. Proceeds were used to increase his 3,450 ETH long position.

Woofun AI reports that Huang Licheng, known as "Buddy", sold Bored Ape Yacht Club 5670 for 9 ETH today. He originally acquired the asset five years ago for 85 ETH, resulting in a realized loss of 76 ETH, or approximately $142,000, representing an 89.4% decline. Following the sale, he utilized the proceeds to expand his existing ETH long position. His current exposure stands at 3450 ETH, valued at roughly $6.44 million, with a liquidation threshold set at $1839.37.