A Bored Apes Yacht Club NFT holder unintentionally sold Bored Ape #3547 for 0.75 Ethereum instead of 75 Ethereum due to a fat finger error.
BAYC accidentally sold for $3,015 Instead of $300,000
The transaction, which took place on Saturday, was confirmed by a review of OpenSea. On May 30, the owner purchased the NFT for 1 Ethereum. Ethereum was trading at around $2,290 at the moment.
The BAYC was supposed to be listed at a price of 75 ETH, which is roughly $300,000 at today’s prices, but the NFT holder accidentally listed it at 0.75 ETH.
“How did it happen?” asks the narrator. “I guess it was a lapse in concentration,” the holder, Max, reportedly told CNET.
“Every day, I make a long list of things and wasn’t paying attention.” “I immediately saw the error as my finger clicked the mouse, but a bot sent a transaction with over 8 ETH in gas fees, so it sniped before I could cancel, and $250,000 was gone in an instant,” he added.
This means the buyer paid a total of 8.75 Ethereum, or just under $35,000, for Max’s fat finger gaffe.
When one considers how valuable Bored Ape Yacht Club has become, the error is especially painful.
Bored Ape Yacht Club NFTs
In the burgeoning NFT scene, Bored Ape Yacht Club NFTs have exploded in popularity.
Following a 900 percent increase in BAYC sales, the NFT marketplace OpenSea saw it’s trading volume double last month.
A slew of celebrities and influencers have jumped on the Bored Ape bandwagon, helping to feed the trend. Jimmy Fallon, Post Malone, Steph Curry, and Mark Cuban are just a few of the celebrities that have adopted NFTs.
Celebrities such as Timbaland, NBA star Shaquille O’Neal, and free agency NFL wide receiver Dez Bryant have joined the expanding list of celebrities who have embraced the Bored Ape fad.
Despite the fact that he had lost a lot of money on his Bored Ape sale, Max seemed to be handling the news well.
“Because the sector is so new, horrible things will happen, whether it’s your fault or the fault of the technology.” “Forget and move on once you no longer have control over the outcome,” he advised.