Huang Licheng sold off BAYC and suffered a floating loss of $32,000 on his highly leveraged long ETH position.

Huang Licheng sold 15 NFTs in the past 5 days at a loss of $505,000, and has lost all of the $223,000 raised. Huang Licheng sold 12.5 ETH of Bored Ape Yacht Club #32 on OpenSea, for approximately $28,000. Currently, Huang Licheng has a long position of 540 ETH with 25x leverage, with an opening price of $2,304.23 and a liquidation price of $2,203.40, resulting in a current unrealized loss of $32,000.