Significant Mistake on OpenSea: Bored Ape Yacht Club NFT Valued at $350,000 Sold for $115

The NFT market has a reputation for being filled with scams and hacks, where even slight errors can result in significant monetary losses. Many sellers have faced dire financial challenges simply by misplacing a decimal point or confusing a decimal point with a comma. As a result of such miscalculations, one seller mistakenly listed his prized NFT for 0.75 ETH rather than 75 ETH. Alisa Davidson In this instance, the blunder stemmed from confusing Ethereum with DAI, causing OpenSea user 'cchan' to erroneously lose hundreds of thousands of dollars by

selling a Bored Ape Yacht Club NFT using the incorrect cryptocurrency. As of this writing, 1 Ethereum is valued at $3,467, while DAI is a stablecoin tethered to the Ethereum blockchain, consistently valued at $1. April 25, 2025 According to OpenSea, the $350,000 Bored Ape #835 was sold for just 115 DAI ($115), an unbelievable 99.9% drop from the NFT collection’s floor price. This NFT was purchased last summer for $50,000 (equivalent to 16 ETH).

This transaction could either be viewed as a hacking incident or a substantial error. However, the most plausible explanation is that the owner mistakenly thought DAI was ETH. Other bids—ranging from 75 ETH to 106 ETH—closer to the actual market value of Bored Ape Yacht Club NFTs were turned down. Currently, the floor price for BAYC NFTs stands at 107.17 ETH.

Furthermore, the seller also offloaded his Mutant Ape #11670 to the same buyer for a mere 25 DAI ($25), which is significantly lower than the floor price of 22.6 ETH ($76,000).

Twitter users speculate that the seller's OpenSea account may have been hacked, leading him to unknowingly sell his NFTs.

I reached out to him, and he was totally unaware of the situation; looks like it might be a hacking incident.

April 25, 2025

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