The one thing you can say about this is that they truly live up to the APE moniker. This trader has been buying APE basically every day. Since Nov 2nd, they bought over $12 Million in APE which amounts to losses roughly $3.84 Million.
https://preview.redd.it/knvvip6muw0c1.png?width=2668&format=png&auto=webp&s=0a938a57bdc2089c1b9ecbdc40cbc3e099d84a71
They then started unstaking tons of APE recently as well, possible to sell.
Not just tokens, but the trader has also transacted hundreds of APE NFTs over the years. You don't really need to be knee-deep in crypto to know how much the value of these have fallen since last year, perhaps between 80-95%, which obviously amount to massive losses. They still hold dozens of APE NFTs in their portfolio.
https://preview.redd.it/wic7xq4tww0c1.png?width=962&format=png&auto=webp&s=db5d830280daeb9937a41b7ab15deb3d35d0e470
https://preview.redd.it/mo7xmvvrww0c1.png?width=919&format=png&auto=webp&s=a790773d8c3f594e9981caca24aea1846d2f527c
Across on Twitter, the relentless shilling of APE hasn't seemed to help pump the price and relieve the losses. But it was worth a try I guess.
https://preview.redd.it/99fpto6dxw0c1.png?width=611&format=png&auto=webp&s=65ddc89bf5ce58bffe4338d8bf0722477b61d63c
https://preview.redd.it/nafcnykgxw0c1.png?width=612&format=png&auto=webp&s=444bf26b6d5e004c2755f5687733823bf908996d
https://preview.redd.it/9yesb21ixw0c1.png?width=598&format=png&auto=webp&s=807b3db45780a57436783d53752c6fbc926fe2e7
https://preview.redd.it/2w12czojxw0c1.png?width=617&format=png&auto=webp&s=529faa968dcebde1b6ce1c0b8dc0fdf84660bcf0
To be honest, I'm almost convinced this is an insider who trying to keep APE relevant and support the price buying, but considering the types of people who buy APE this being a…”adventurous” trader is also equally likely.
It’s down like every other coin during a bear market. Even though I’m not that into NFT’s I’m sure APE will do well in this next bill run
He’s a guy who got lucky minting a lot of bored apes. He made over $10M off the mints and bored apes became his entire thing. Although he may be working for the company now as a promoter type.
https://cointelegraph.com/news/machi-big-brother-withdraws-defamation-lawsuit-against-zachxbt
He wild
It’s a scam, stay away
Apecoin pros & cons with related info are in the collapsed comments below.
You’re missing why he’s doing this. It’s only a net loss if you don’t take into account the airdrops heavily farming from Blur.io
He could be an insider “buying” from himself. All these transactions could be fake wash trades
This is the guy that sued ZachXBT for defamation. Shady populist in the crypto space and strange tactics like gifting important people expensive NFTs.
I would be very cautious about the narratives this guy builds for himself.
If he’s so apeish why doesn’t he invest in Banano too?
Someone made an ape ai and it’s becoming sentient and trying to merge all the apes.
lol at this sub not knowing who machi is. He’s one of the biggest eth whales
He is quite literally the #1 Bored Ape Fan, so this checks out.
Apes are still waaay overpriced. Should be worth about $1
Tell me you aren’t doing something sketch with $ without telling me you’re doing something sketch.
Lmao, u don’t know who Machi is but you posted about him. Wonder what he thinks about Eth lmao. All of his NFTs could go to zero and he’d still have more $$$$ than 98% of this sub
Poor bastard. They’ll be ok if they sell in 2025 though
Like it or not…NFTs will make a big comeback. Apes will be a thing again. History seems to repeat itself in the cypto world.
What a brave user.
Always losing, at least he buys high and will sell low .
Isn’t he serial scammer?
Ape influencer at this point more or less
Money laundering for sure.
Jeff Huang known for trying to sue ZachXBT
https://www.reddit.com/r/CryptoCurrency/s/Bkig7LQyNQ
https://medium.com/@investigationsbyzachxbt/a-story-of-machi-big-brother-jeff-huang-a1ad073fcfa8
I’m willing to bet money it’s them just hot potato ing to each other so it looks like an active market. Probably an effort to keep it alive until next bullrun
The wrong people have money.
I would have thought that Elon had his hands full running Twitter into the ground.
Those hack coins from his cream.defi project don’t launder themselves on their own.
He was already a multi millionaire
This proves how little this sub knows about crypto. Machi is a late 90s hip hop guy who was a breakdancer. Now a millionaire in Taiwan where he is having big investments. Check out apecoin DAO and apecoin forum where we discuss everything. Also if you follow big apes there are twitter spaces u can join.
Probably a nazi
The Michael Saylor of APE, lol
Lol probably pays 8$ for twitter/month too. When was the last time Musk mentioned crypto? It was months before he went full ret4rd nazi.
Machi is an insider, I remember him manipulating 0XD
Just let him have a monopoly of BAYC, then it’ll be truly worthless
based on the name it’s a dude in or from taiwan
If you actually think this guy is down overall it’s the total opposite
Sounds like a tax liability scheme.
That’s regarded enough for Wall St Bets