A Bored Ape valued at $200,000 just sold for $200
Bored Ape #6462 was sold for just $200 USDC, a transaction causing quite a stir; some readers suspect it was an error, while others theorize that the seller was shifting their digital assets to a new wallet to dodge taxes, as both accounts showed zero balance. With the current floor price for a BAYC NFT sitting at 101 ETH, or around $203,342, this $200 sale certainly raises eyebrows regarding oversight.
An automated Twitter account dedicated to Bored Apes tweeted about the recent sale, highlighting the technological side of the NFT marketplace.
This ape is distinguished by three notable features that set it apart: a slice of pizza, a motorcycle helmet, and a bone necklace.
The NFT history The data suggests that this NFT had previously been traded at prices considerably lower than the established floor level, and the sale was accepted almost instantaneously. It's also plausible that the buyer and seller may be the same individual, or perhaps the buyer gifted the NFT to someone close to them.
Errors in the NFT world are not uncommon. For example, there have been cases where a simple decimal point mix-up resulted in an NFT selling for 0.75 ETH instead of 75 ETH. Additionally, hacks can also lead to high-value NFTs being offloaded at drastically reduced prices.
Read related posts:
- A significant blunder occurred on OpenSea recently when a Bored Ape Yacht Club NFT worth $350,000 was sold for just $115.
- Cryptocurrencylistings Markets indicate a downturn, with Terra's value reflecting another decline.
- A comprehensive examination of NFT marketplaces operating on the Ethereum network.
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