July 2, 2022

CryptoTraders365

Fat Fingers: a Bored Ape NFT Was Sold for $3K Instead of $300,000

2 min read
7 months ago Barry Bailey

The cryptocurrency industry is no complete stranger to costly mistakes, and the last one appears to have taken place not so long ago. Just a couple of days earlier, the owner Ape # 3457 from the Bored Ape Yach Club collection, inadvertently offered it for a lot less than it is worth.

img1_bayc
Source: Opensea The NFT market Opensea reveals the sequence of the events that caused the regrettable sale of a Bored Ape worth some $300K for $3K.
  • The former owner purchased it for 1 ETH in May this year and has been trying to sell it for quite a long time to no get.
  • Two days earlier, though, he listed it for 0.75 ETH instead of 75 ETH, and the NFT got sniped instantly.
  • The one who offered it by mishap reportedly informed CNET that it was an error and that bots sniped it prior to he might cancel the listing.

    • A lapse of concentration I think. I note a great deal of products every day and just wasn’t taking note correctly. I immediately saw the error as my finger clicked the mouse but a bot sent out a transaction with over 8 ETH of gas charges so it was quickly sniped prior to I could click cancel, and just like that, $250K was gone. – – He said.

    • This isn’t the first time something of the kind occurs with an NFT from the BAYC collection.
    • Back in August, CryptoPotato reported that somebody offered Mutant Ape 5275 was sold for $17 instead of $54K – – a technique that many consider being blatantly obvious.

    Included image thanks to The New Yorker

    Barry Bailey

    See author's posts

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