The trader using the Machibigbrother handle has put Bored Ape and Mutant Ape NFTs into MachiPool draws priced at $3 to $8 per entry, while a Papertrade snapshot showed $407 in equity.
The draws feature Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs. Participants use MachiPool tokens to enter, with listed entry prices ranging from $3 to $8.
The same snapshot put the nominal value of open positions at about $186,000 and showed recorded trading volume of $1.93 billion.
The trader’s Papertrade record includes more than 2,100 liquidations and $2.22 million in losses. By Nov. 13, the account had received about $514,000 in platform rewards, leaving an estimated net loss of $1.71 million. The historical loss total includes losing trades that did not end in liquidation.
Papertrade launched Oct. 10 on Hyperliquid and offers synthetic perpetual contracts, with advertised leverage of up to 1,000 times. The platform acts as the counterparty to positions and mints PAPER when users realize losses or are liquidated; larger losses are tied to larger rewards.
