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.