A BAYC holder may have accidentally sold his Ape NFT for 200 USDC.
A crypto investor made a mistake by selling his/her Bored Ape NFT #6462 for $200 worth of USDC.
On Sunday, Boredapebot, a Twitter account dedicated to posting sales of Apes from the Bored Ape Yacht Club (BAYC) collection, disclosed that Ape #6462 was sold for a pittance of 200 USDC ($200).
With a floor price of 101.75 ETH ($206,000), BAYC NFT is one of the most expensive NFT collections on the market.
Given that Ape #6462 includes some of the most uncommon features, such as a bone necklace, police motorbike helmet, and bored pizza, it's probable that the most recent sale was yet another pricey blunder.
If that's the case, it means the owner mistakenly accepted a 200 ETH offer instead of 200 USDC offer. This also means the previous owner got the Ape for 99.9% less than the asking price.
While some cryptocurrency users sympathized with the seller, many assume the purchase was a tax evasion scheme because to the circumstances.
The NFT was sold a couple of times for not less than 2 ETH ($7,000) on OpenSea approximately a year ago, according to transaction data. It also shows that since it was minted, Ape #6462 has been transferred at least five times between various wallets.
The buyer's OpenSea account was also formed this month, and the offer was accepted just minutes after it was sent.
While one user speculated that it could be a very affluent NFT holder who "sold one of their board monkeys for 200 USD to their nephew," another speculated that it was an insider job.
Regardless of the rationale for the sale, this isn't the first time a BAYC holder has sold an Ape for a fraction of its true value. The owner of Ape #3457 made a costly mistake in December when he sold the NFT for $3,000 instead of $300,000.