Typo Causes Trader To Sell Bored Ape NFT Worth $284,495 For Just $2,844

Typo Causes Trader To Sell Bored Ape NFT Worth $284,495 For Just $2,844

Home / Uncategorized / Typo Causes Trader To Sell Bored Ape NFT Worth $284,495 For Just $2,844

By TheBlast Staff on December 15, 2021 at 4:00 AM EST
Updated on March 11, 2022 at 11:47 PM EST

Typos are the worst nightmare for us as writers. To be honest though a small typo in one of our articles is not going to be as catastrophic as what happened to a trader who was trying to make a sale on a very valuable NFT. The piece is part of The Bored Ape Yacht Club collection. The images on these NFTs feature drawings of an ape, as you could've probably guessed by now. The mistake seems to be a rather odd one. The seller whose username on the trading platform is maxnaut, and whose real name does appear to be Max, at least that's what he told CNN, says he got distracted when posting the listing. He wrote 0.75 ETH as the selling price instead of 75ETH.

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What The Trader Is Saying About The Sale of The NFT

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As we mentioned it was actually user maxnaut who confirmed to CNN that the sale of the NFT was essentially an honest mistake. He mentioned that the typo happened when he was creating that particular listing. He was just distracted when he created the listing. Max claims though that he was aware of the mistake virtually as soon as the listing went live. The problem for him was that the NFT was seemingly snipped up by a bot virtually in the same second that he had uploaded the listing. Maxnaut told CNN over a series of messages,

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"I list a lot of items every day and just wasn't paying attention," he would go on to add, "I saw the error as my finger clicked confirm, but a bot sent a transaction with over 8 eth of gas fees so it was instantly sniped before I could click cancel. I have no animosity to the botter, it's just part of the game,"

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Whoever Snapped Up The Bored Ape NFT Made A Killer Profit

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@dogefanfather/ Twitter

Max then went on to detail that he traced the transaction back to the blockchain,(where the virtual records for all Ethereum transactions are documented). He was able to see that it was effectively a bot that had snapped up his NFT. That same account later sold that NFT for 59.99 ETH which is around $227,558. That's sadly how the market works. A bad day at the office for Max was a great day at the office for whoever runs that particular bot. Max did not let the mistake deter him though from going about his daily duties.

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The Trader Got Right Back On The Saddle After The Major Mistake

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@NFT_Global_News / Twitter

Max then seemingly with a calm demeanor, at least that's what his messages seem to indicate, said he took 5 minutes to process what had just happened. Then it was time to turn the page and get back to trading other assets. He would go on to tell CNN,

"Afterwards I just took 5 minutes and then got back to work trading other stuff," seemingly trying to console himself he said "the mistake is not too bad in the big picture."

The man has a very decent NFT portfolio that actually includes a couple more NFTs from the same bored apes collection. Therefore, he's hoping to get back on his feet quickly.

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