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"The Buddy" Sells BAYC to Add to Margin, Posts About Being Only 8% Away from Liquidation Line
  • ETH0%

BlockBeats News, June 26th, according to HyperInsight monitoring, the "Brother Ma" Huang Licheng faced an urgent situation in his ETH long position. He sold one of the 150 "Bored Ape Yacht Club" (BAYC) NFTs and used the proceeds to add to his margin and open a larger long position. The Ma brothers' account has accumulated a loss of $33.85 million, with a loss of $2.43 million in the past month.

The "Brother Ma" Huang Licheng himself just posted saying, "We need more Tom Lee; I'm about to be liquidated with 8% left." His Ethereum position is currently worth $1.64 million, with an average opening price of $1,562.21 and a liquidation price of $1,538.84.

Source: BlockBeats

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