This popular NFT was sold for $3,000 instead of $300,000, Here's What Happened

A mere typographical error has caused a popular NFT holder roughly a $270,000 loss. According to reports by CNET, a certain Max has mistakenly sold his Bored Apes Yacht Club NFT #3547 for 0.75 ETH, instead of 75 ETH.

‘It Was A Lapse In Concentration’ — Popular NFT Holder

Max had reportedly purchased the NFT on May 30, for 1 ETH (nearly $2,290) at the time. However, instead of him listing the NFT’s price as 75 ETH, which is equivalent to about $300,000 today, he listed it as 0.75 ETH.

Speaking to CNET about how the loss happened, the holder — Max, claims it was a lapse in concentration that caused it. He also explains further, how he lists lots of items on a daily basis, but this particular one eluded him for some weird reason.

Though Max claims to have caught the error almost immediately his finger clicked on the mouse, it was already too late as he could not even cancel the transaction in that instant.

Ultimately, this means the lucky buyer paid 8.75 Ethereum, or just below $35,000 in total to claim ownership of Max’s error.

Rising Popularity of Bored Ape Yacht Club NFTs

Amid the ongoing NFT booming season, Bored Ape Yacht Club NFTs have undoubtedly surged in popularity.

In November, NFT marketplace OpenSea saw its trading volume multiply by 2 after BAYC sales spiked by over 900%.

Now, the surge in popularity is not unrelated to the recent wave of celebrities and influencers who have all been jumping on the Bored Ape moving train.

Some of the household names that easily come to mind, who have also embraced these popular NFTs include Jimmy Fallon, Steph Curry, Post Malone, Mark Cuban, Timbaland, amongst many others.

Meanwhile, Max is taking the loss so well. Despite the costly error that led him to lose some serious amount of money on his Bored Ape sale, he feels things like that will naturally happen sometimes. And when it does, one can only forget about it and move on.

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Mayowa Adebajo is a fintech enthusiast with a decade-long experience writing news stories and creating content generally. When he's not writing, he's either talking politics or discussing sports.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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