A Bored Ape Yacht Club holder known as “Machi Big Brother” sold three BAYC NFTs today for 27.42 ETH to raise funds to increase an Ether long position, according to Lookonchain monitoring.

According to Foresight News, the sale resulted in a loss of 25 ETH.

The wallet is currently holding a long position of 2,600 ETH, with a liquidation price of $1,596.69.