The prominent crypto personality and Taiwanese celebrity known as "Machi Big Brother," Jeffrey Huang, has once again made significant moves in the NFT market. Last month, Huang spent over $9 million to acquire 71 Bored Ape Yacht Club (BAYC) NFTs to accumulate points for the Blur platform's second-season airdrop. However, he followed this up with the largest NFT sell-off in his history, liquidating 1,010 NFTs—including multiple high-profile collections—which sent shockwaves through the NFT ecosystem.
This article explores his latest market activity, focusing on profitable trades involving the Mutant Ape Yacht Club (MAYC) series and his first-ever purchase of BLUR tokens.
Large-Scale MAYC Trading Yields Major Returns
According to on-chain data, the address associated with Machi Big Brother (starting with 0x020c) began acquiring MAYC NFTs in large quantities. Within a short period, he purchased 82 MAYC NFTs, at one point holding 124 of them and becoming the fourth-largest holder in the series.
But the holding period was brief. In less than 24 hours, he sold the majority of his MAYC assets, leaving only 42 in his wallet. This surge in activity boosted MAYC’s 24-hour trading volume by over 51%, placing it at the top of Blur’s trading rankings.
Most notably, this rapid sequence of nearly 150 transactions resulted in a net profit of approximately 845 ETH. This impressive gain helped offset recent losses Huang suffered from other NFT investments.
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First Acquisition of BLUR Token
In addition to his NFT maneuvers, Machi Big Brother also ventured into the BLUR token market. Data from Lookonchain shows that over three days, he purchased 350,000 BLUR tokens at an average price of $0.48 per token.
This marks his first time buying BLUR since the platform’s first airdrop, where he received over 1.84 million BLUR tokens and sold them at around $0.71 each.
Despite his selling activity, Huang remains the top-ranked user on Blur’s second-season airdrop leaderboard with over 134,000 points.
Strategic Moves Reflect Experienced Trading
Huang’s trading behavior offers insight into the strategies of large-scale NFT participants. By timing his purchases and sales around market sentiment and airdrop incentives, he maximizes returns and minimizes risks. His recent profit-taking on MAYC and token accumulation suggest confidence in both NFT liquidity and the Blur ecosystem.
Many traders monitor his wallet activity for signals, given his influence on market trends. His latest trades not only earned significant ETH but also reinforced his position as a leading figure in NFT market dynamics.
Frequently Asked Questions
Who is Machi Big Brother?
Machi Big Brother, or Jeffrey Huang, is a well-known Taiwanese entertainer and active cryptocurrency investor. He is particularly influential in the NFT space, often making high-volume trades that impact the market.
What is MAYC?
MAYC stands for Mutant Ape Yacht Club, a spin-off collection of the popular Bored Ape Yacht Club NFTs. Each Mutant Ape is unique and offers holders access to exclusive community benefits.
Why did Machi Big Brother buy BLUR tokens?
While his exact motives aren’t public, the purchase likely reflects a strategic investment in the Blur platform’s native token, possibly in anticipation of future airdrops, platform growth, or market appreciation.
How does Blur’s airdrop work?
Blur rewards users with points based on trading activity, such as bidding, listing, and lending NFTs. These points can qualify users for token airdrops, which incentivize platform engagement.
What risks are involved in NFT trading?
NFT markets are highly volatile. Prices can fluctuate widely based on trends, celebrity influence, and broader crypto market conditions. It’s important to research thoroughly and only invest what you can afford to lose.
Can individuals replicate this trading strategy?
While it’s possible to learn from experienced traders, individual results may vary. Market conditions, capital, and timing all play critical roles. Consider starting with small trades and gradually scaling as you gain experience.