Machi Big Brother, a prominent entity known for its previous cryptocurrency purchases, continues to add more tokens during the market downturn.
According to data from Etherscan, on August 27, 2023, Machi Big Brother spent 135 ETH (approximately $222,000) to purchase 154,570 units of ApeCoin (APE) tokens. This marks the fourth time the whale has bought APE tokens in August alone, accumulating a total of 3.13 million APE tokens at an average price of $1.73 per token.
However, the mentioned whale has stashed the tokens in a wallet, making it challenging to accurately estimate the actual amount lost until now.
In addition, a few days ago, another significant cryptocurrency whale sold off all their APE tokens at a loss. This wallet had received 93,700 APE tokens through an airdrop, purchased an additional 96,276 APE tokens on May 1, 2022, and spent 2 million USD in ETH at a price of $21 per token. The whale sold all their tokens at a price of $1.51.