NFT worth $300K from Bored Ape Yacht Club accidentally sold for $3K

Bored Ape Yacht Club consists of 10,000 NFTs depicting apes with different traits and traits of visual characteristics. There are many NFT collections around the world, but this is one of the most prestigious. Stars like Steph Curry, Jimmy Fallon, and Post Malone are among its members. At the moment, the cheapest you can buy a Bored Ape Yacht Club NFT is 52 ether, which is $210k. So, it’s painful to watch someone sell their Bored Ape NFT for $3,066 on Saturday.

Traumatizing fat-finger error of Boat Yacht Ape Club

Often, strange trades are an indication of jokes, as in the case of the person who bought an NFT from himself for $530 million. In Saturday’s case, the mistake was a simple, traumatic “fat-finger error.” People make mistakes when making trades online, such as putting the wrong amount in or making the wrong item in. Here Max, a user known as maxnaut, was supposed to ask for 75 ether ($300,000), or 75 ether of ether, for his Bored Ape. The price he accidentally posted was 0.75. Exactly a hundredth of what he intended. It was purchased instantly. To ensure no one could buy before them, the buyer paid an additional $34k to speed up the transaction. It was listed up for sale at $248k promptly. Apparently, this transaction was conducted by a bot, which can be programmed to buy NFTs for their owners at a certain price below that.

Max: “It was a lapse in concentration, I guess. I list a lot of stuff every day and just wasn’t paying attention. I instantly realized my mistake as soon as my finger clicked the mouse, but a bot immediately sent a transaction with over 8 eth [$34,000] of gas fees, which was instantly snipped before I could cancel, and just like that, $250k was gone.”

Another similar accident

As the market value has accumulated over the past year for many NFT collections, similar situations are increasingly occurring. The CryptoPunk NFT was listed last month for $19k, instead of the $19 million it had been advertised for. Earlier this year, someone fat-fingered their Bored Ape listing for $26k. An error that was quickly exploited by someone else. Bored Ape’s owner offered the buyer $50k for its return, but the opportunistic buyer instead sold it for $150k at the then-market price.

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