Maji cashed in multiple BoredApe losses of 399 ETH to raise funds to increase ETH but was forced many times

According to Lookonchain monitoring, Ma Ji (Huang Licheng) is selling BoredApe at a loss to raise funds to go long ETH on Hyperliquid. In the past month, Maji sold 34 BoredApees, totaling 326 ETH (approximately US$514,000), and lost 399 ETH (approximately US$631,000). Maji's biggest loss appeared on BoredApe#6057, which was bought four years ago at the price of 76.84 ETH. Now it has only sold 7.65 ETH, with a loss of 90%. At the same time, Ma Ji was forced to close positions multiple times on Hyperliquid. Just three hours ago, it was forced to close its position again, leaving only $81,000 in the account.