While it is unclear whether this was a mistake or a thoroughly planned act, the fact is that the item got traded through OpenSea for less than 1% of its estimated value.
The NFT field is a curious place filled with a handful of stories, some with happy endings, while others would lead users to be more careful when marketing digital collectibles.
A curious situation happened to the owner of Bored Ape #835, an item whose value goes at more than 106 ETH or USD 358,000, which its owner ended up selling by mistake for at least USD 115 in DAI tokens. This operation took effect due to an error when setting the price of the NFT in question.
This information got revealed by the Decrypt medium, in which what happened got described in detail. They reported that the news became viral after a search made to the OpenSea platform, where the NFT of the popular Bored collection got negotiated.
According to reports, the error appeared when the owner, a user nicknamed “cchan. eth,” was going to set the price and the asset in question in which the collectible would get sold.
A Big Mistake
Although this last theory takes on exceptional strength for some, since the cheapest example in the associated collection, Mutant Ape, got priced at USD 22.8 ETH (approximately USD 76,000), other users wished to go beyond the limits of the investigation. They pointed out that this pricing by mistake may also be an action done on the real purpose.
Reviewing the owner’s trading history, it is clear that he also owned Mutant Ape Collection #11670, which he also traded today for just 25 DAI ($25).
These facts also lead some to think that the user may have seen their account hacked, given that OpenSea has already been the victim of security breaches, whereby some users have lost invaluable NFTs from quite reputable collections.
This mistake appears to be a well-planned move that allows the player to legitimize his capital somehow. Network enthusiasts also speculated some theories about the possibility that he sold the NFT to himself since nothing prevents him from being the wallet owner to which the collectible went. This measure would allow him to cover up other types of activities.
The Rise of Expensive NFTs
Although the case may have various readings, the only certainty at the moment is that a couple of very expensive NFTs got sold for prices below their market values, and this action does not mean that they are highly coveted items among the knowledgeable community.
As for the Bored Ape, several recognized figures have at least one copy. An example of this is the singer Madonna, who recently purchased an item from this collection valued at more than USD 500,000.
Seen as highly demanded items or by others as one of many meaningless fads, the truth is that NFTs became an unstoppable boom in the market, and analysts theorize that their rise will increase over time in light of the arrival of metaverses.
By: Jenson Nuñez
