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BAYC NFT traded for 10 ETH in a shocking sale

BAYC NFT traded for 10 ETH in a shocking sale

Well well, the bottom price presently settles at 87.5 ETH. So, how does this occur? Could it be cheating or a hack? After some exploration, we found out it was a detailed coincidence. The holder, @nft_metaman, documented the Bored Ape #3158 at a deep price by fault on OpenSea.

‘Fat finger’ Bored Ape traded at 10 ETH:

Initially, it’s significant to pinpoint that @nft_metaman is not the first individual to accomplish this. There have been various instances of this, and it has cost the community a lot of cash.

It occurs so frequently that some civilizations use ‘bots’ to attempt and rapidly purchase NFTs that seem at a poorer cost than the recent bottom price. In this example, the NFT was appropriated within minutes, departing the holder with a substantially poorer deal than they wanted.
@nft_metaman announced about the Bored Ape 10 ETH sale, I was attempting to schedule at 105. I never guessed it’d occur to me.

How to prevent recording NFTs at the false price

OpenSea and other NFT marketplaces have enforced various insurance assessments to prevent NFTs from being documented at a false rate, but obviously, it isn’t risk-free.
For instance, if you record an NFT below the bottom rate on OpenSea, it notifies you before confirming the agreement. Unfortunately, this is how the Bored Ape NFT sold for 10 ETH.

Nevertheless, numerous people think this should have further than a one-click aspect and probably desires to submit extra NFT security measures.
In the future, this could alter, but for now, users must recall to seize extra attention and double, even triple review when trading NFTs at such an elevated value.

A Bored Ape Just Sold For 10 ETH: What Happened?

A Bored Ape Yacht Club (BAYC) NFT sold for 10 ETH ($18,700) in a surprising sale. However, the floor price currently sits at 87.5 ETH ($164,000). So, how does this happen? Could it be a scam or a hack? After some investigation, we have found out it was a complete accident. The owner, @nft_metaman, listed…

About Humano

He is a freelance writer based in Turkey. He loves NFTs, football, film and technology.

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