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NFT collector “fat-finger” lost $56K while bidding on BEANZ NFTs

NFT collector's fat-finger error costs thousands of dollars

While bidding on the BEANZ NFT collection, the anonymous NFT collector “Franklin” made a “fat-finger” error that resulted in his accidentally outbidding the floor price of an NFT by more than 21 times.

Franklin confirmed the error on February 19; he had spent 35 ETH, or almost $60,000 at the time, for an NFT from the Azuki project’s BEANZ collection when the floor price was closer to 1.7 ETH, or $2,800.

On the BEANZ collection, he said he “placed a fat-finger collection offer” on the BEANZ collection but was actually meant to input a “much lower bid with a quantity of 35.”

“I instead bid 35 ETH for 1 purchase […] It got accepted before I could cancel. Oops. I’ll be okay,”  tweets from Franklin.

Unfortunately, it appears that Franklin only briefly had Bean #10626, as it was sold two hours after the incorrect purchase for only 1.77 WETH, representing a loss of around $56,000.

This is not the first time that Fat Fingers has made extremely careless errors. In the month of May, a collector of Fat Fingered Bored Ape sold the NFT for $200.

In an unexpected sale that took place once more in May 2022, A Bored Ape Yacht Club (BAYC) NFT was purchased for the equivalent of $18,700 worth of ether. All of these raise people’s awareness. Anyway it may happen to anyone.

Content Source: cointelegraph.com

Cover Image Source: todaynftnews.com

About MahKa

MahKa loves exploring the decentralized world. She writes about NFTs, the metaverse, Web3 and similar topics.

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