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Machi offloads over 60 NFTs at $2.35 million loss to back leveraged perps

Machi sold more than 60 NFTs over six months at a loss of over 1,000 ETH to fund high-leverage perpetual futures trading, according to Lookonchain.

Screenshot of MachiBigBrother's NFT marketplace profile displaying transaction history of Bored Ape Yacht Club and Mutant Ape Yacht Club sales alongside portfolio value.
Image: @lookonchain

Prominent crypto figure Machi, known on X as @machibigbrother, has offloaded more than 60 NFTs over the past six months to finance high-leverage perpetual futures trades, according to blockchain analytics service Lookonchain. The sales resulted in a loss exceeding 1,000 ETH, worth roughly $2.35 million.[2]

A screenshot of Machi's marketplace profile shared alongside the analysis displayed an account holding a portfolio value of 922.90 ETH. The transaction log showed a string of Bored Ape Yacht Club and Mutant Ape Yacht Club divestments, including BAYC #9870 for 6 WETH, several MAYC tokens selling for between 0.80 ETH and 1 ETH, and earlier BAYC sales fetching between 8.30 ETH and 10 ETH.[2]

Crypto trader account Kook Capital similarly pointed to the liquidation, remarking that Machi offloaded over 60 NFTs at a $2.35 million loss to continue financing perpetuals. Separately, social media commentator yourfriendSOMMI asserted that Machi was reloading his perpetuals trading account following the recent loss, claiming his total trading losses have reached $75 million and alleging a 2024 Solana memecoin raise was previously diverted into leveraged trading.[3][1]

Key facts

  • Lookonchain reported that Machi sold more than 60 NFTs over the past six months to fund high-leverage perpetual futures positions.
  • The NFT sales produced a loss of over 1,000 ETH, or approximately $2.35 million, according to Lookonchain.
  • A marketplace profile screenshot for MachiBigBrother indicated a portfolio value of 922.90 ETH alongside sales of Bored Ape Yacht Club and Mutant Ape Yacht Club tokens.
  • Crypto commentator yourfriendSOMMI claimed Machi is reloading his perps account and that Machi's cumulative trading losses have hit $75 million.
  • Kook Capital noted that Machi sold 60-plus NFTs at a $2.35 million loss to keep funding perpetual futures trading.

Sources · 3 sources

  1. Y❤

    yourfriendSOMMI ❤️💛💚💙@yourfriendSOMMIPost on X ·

    ❤️💛💚💙 Machi Big Scammer is reloading his perps account, and recently lost another -$2.35M. ⚠️ Total loss -$75M. 🔴 In 2024, Machi Big Scammer launched a Solana MemeCoin ICO, rugged it all for $30M and never speak of it again. The entire $30M was funneled into gambling (leverage trading) and now it's gone.

    Open source
  2. LO

    Lookonchain@lookonchainPost on X ·

    Machi (@machibigbrother) has sold over 60 NFTs in the past 6 months to fund high-leverage perp trades, taking a loss of over 1,000 $ETH ($2.35M). https://t.co/dU8toH1ZNO https://t.co/xGadejKNkg

    Open source
  3. KO

    kook@KookCapitalLLCPost on X ·

    machi sold 60+ nfts at a $2.35m loss to keep funding his perps jpegs were the safe part of his portfolio.....

    Open source