Bored Ape NFT sold for $3,000 by accident instead of $300,000 – Markets Insider

Kingship band 10:22PM Universal Music Bored Ape Yacht Club
The ape NFTs being used for 10:22PM’s new metaverse band, Kingship.

  • The seller of Bored Ape #3,547 accidentally listed the NFT for sale at 0.75 ETH ($3,000) instead of 75 ETH ($300,000)
  • An automated buyer immediately purchased the NFT and relisted it at about $250,000. 
  • The Bored Ape Yacht Club series is a limited set of 10,000 NFTs that usually sell for about $200,000. 

A highly coveted Bored Ape non-fungible token sold for just over $3,000 – one-hundredth of its intended market price of about $300,000. 

The owner of Bored Ape #3,547 made a “fat fingered” typing error when listing the NFT online, according to CNet. Instead of selling it for a price of 75 ether, a “lapse of concentration” spurred the owner to sell it for 0.75 ether instead. 

An automated account immediately bought the NFT and put it back on sale for nearly $250,000.

A similar mistake in a banking transaction can usually be remedied. But in the fast-paced and unregulated crypto market, an error like this is usually irreversible, especially as automated, instantaneous purchases pose constant threats.

The Bored Ape Yacht Club series is a limited set of 10,000 pieces of “programmatically generated” digital art, launched in April 2021. 

Initially, customers could buy one for a little over $300. Now, Bored Apes usually sell for at least 50 ETH, or about $200,000, and proud owners post them to social media or use them as their Twitter profile pictures.

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