Saturday saw an extremely novel moment happen in the NFT space, as a Bored Ape Yacht Club (BAYC) NFT accidentally sold for $3,000 instead of $300,000. The anomaly transaction cost the NFT’s former owner almost $250,000.

The former holder of the BAYC NFT, which is one of the most infamous and most expensive NFTs to have ever graced the metaverse, accidentally listed Bored Ape #3547 for 0.75 ETH instead of 75 ETH. This meant that despite being valued at $300,000, it was sold for $3,015, a one-hundredth of its market price. Aftermath discussions within the NFT community are describing the mistake as a ‘fat finger error,’ a term commonly used in trading to describe incorrect information input due to human error.

The ex-holder of the NFT, known as Max, had this to say: “I list a lot of items every day and just wasn’t paying attention properly. I instantly saw the error as my finger clicked the mouse but a bot sent a transaction with over 8 ETH of gas fees so it was instantly sniped before I could click cancel, and just like that, $250,000 was gone.”

This meant that the buyer spent a total of 8.75ETH (around $35,000) to scoop up Bored Ape #3547, putting themselves in line for a hefty profit-margin once the resale ends. It is also believed that a bot coded to purchase NFTs below a specific price was the one that grabbed the bargain.

However, as the old saying goes, each cloud has a silver lining, as small as it may be. Max is estimated to have made around $700 profit on the sale after he purchased the NFT for 1 ETH back in May of 2021, when ETH was trading at roughly $2,290.

Follow Max on Twitter to see what else he had to say about his ‘fat finger error.’

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

The post Seller Loses $250,000 Through Mishap Sale of Bored Ape NFT appeared first on NFT Plazas.