The owner of NFT CryptoPunk #7557 mistakenly sold it for a pretty little amount.
It looks like the owner tried to set the price at 4444 ETH, but accidentally put a dot after the first digit and sold it for 4.444 ETH.
NFT CryptoPunk #7557 is quite rare – it represents a punk in a golden tiara, and there are only 55 such “crowned” punks in the collection.
Punk 7557 bought for 4.44 ETH ($19,366.33 USD) by 0x6f60c2 from 0xcbdcc4. https://t.co/lVSlOYBSxX #cryptopunks #ethereum pic.twitter.com/KAd85mgeIg
— CryptoPunks Bot (@cryptopunksbot) November 1, 2021
The cheapest tiara Punk is around 350 ETH ($1.5 million), and the last sale of such an NFT took place at a price of 196.69 ETH ($843,000).
The last time CryptoPunk #7557 was sold 4 months ago for 59.99 ETH, so the selling person took a loss of about 55 ETH by accidentally setting the sale price of 4.444 eth.
CryptoPunk #7557 owner first set the price at 8,888 ETH. It seems then he decided to reduce the price to 4444 ETH ($19.1 million), but accidentally put a dot after the first digit and the sale was made at 4.444 ETH. So instead of millions of dollars, the owner received $19,100.
Since the price of the Punk was significantly lower than the market, the buyer used “flash bots” – he sent 3.33 ETH directly to the miner to make sure the transaction is immediately in the block.
Recall that recently the owner of NFT CryptoPunk #9998 sold his punk for a record $532 million, but later it turned out that the sale was fictitious and the owner “sold” the NFT to himself.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.