A BAYC holder may have accidentally sold his Ape NFT for 200 USDC, but speculators believe the seller was attempting to avoid taxes.
When it comes to blockchain transactions, some errors are unforgivable and can cost a lot of money. Unfortunately, crypto investors make similar mistakes now and again, like the most recent example came from the owner of Ape #6462, who sold the NFT for $200 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 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 indicates 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 avoidance plan 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 indicates that since it was coined, Ape #6462 has been moved 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 may 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 motivation for the sale, it’s not 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 error in December when he sold the NFT for $3,000 instead of $300,000.