Machi Big Brother Shifts Crypto Investments: APE to BLUR
Renowned Taiwanese musician, Jeffrey Huang, more popularly known by his social media moniker, ‘Machi Big Brother’, is making waves in the cryptocurrency universe. The artist has recently made a significant shift in his cryptocurrency portfolio, moving his assets from Apecoin (APE) to Blur (BLUR).
From APE to BLUR
Once a fervent supporter of Apecoin, Machi Big Brother has gradually sold his APE holdings to accumulate BLUR. Since November 2023, he has gathered a staggering total of 11.8 million BLUR. This accumulation is valued at approximately $6 million, with an average purchase price of $0.51 per BLUR.
Holding onto APE
Despite this dramatic shift, Machi Big Brother has not entirely abandoned Apecoin. He continues to hold a significant amount of 250,000 APE, which, at present, is worth around $358,000. Interestingly, his investments in APE have yielded a profitable return of $1.4 million.
An Eye on the Whale
The data revealing these investment decisions were provided by Lookonchain, a leading blockchain analytics platform. The platform has been closely monitoring the activities of this ‘crypto whale’, providing insights into his evolving investment strategy.
In the dynamic world of cryptocurrency, Machi Big Brother’s move from APE to BLUR reflects the fluidity of the market and the strategic mindset required to navigate it. His continued investments in APE, however, underline his belief in the potential of this digital asset. As we continue to witness the interplay of cryptocurrencies, one can only anticipate the next big move from influential players like Machi Big Brother.