Huang Licheng sold 31 Bored Apes at a loss over the past week, resulting in a total of 231 ETH lost in transactions

According to Lookonchain monitoring, Huang Licheng sold 31 Bored Ape NFTs at a loss over the past week, accumulating approximately 231 ETH, worth about $506,000, and subsequently incurred losses on all transactions.

Lookonchain stated that Huang Licheng sold the Bored Apes to provide funding for leveraged long positions, and he currently still holds 75 Bored Apes. This data reflects the cumulative total for the past week, and he had previously sold multiple Bored Apes.