Speculations across social media suggest that the BAYC NFT owner might have mistaken DAI for ETH. Others suggest that this could be a potential attempt for tax harvesting.
The Bored Ape Yacht Club NFTs created a huge rage among NFT fans, with each NFT being sold at very high ticket prices. However, someone just sold their $350,000 NFT Bored Ape Yacht Club (BAYC) for just $115.
It sounds too good to be real but either it could be a costly transactional mistake or a hack. As per data on OpenSea, the previous owner “cchan” of BAYC #835 accepted 115 DAI ($115). This was a staggering 99.5% discount over the current floor price. The floor price of BAYC NFTs is currently at 106 ETH ($350,000)
Interestingly, the same owner also sold Mutant Ape #11670 for 25 DAI ($25) and to the same buyer. Again, the Mutant Ape NFT floor price is 22.8 ETH or above $76,000. Discussions on social media indicate that the seller may have confused DAI with ETH. The owner of BAYC #835 might have assumed that someone was offering 115 ETH.
However, there’s another speculation that the owner might be the victim of some exploit. OpenSea has been recently facing issues with inactive marketplace listings. The platform recently faced a phishing attack losing users NFTs worth a staggering $1.7 million. Users reported that NFTs from their respective wallets were sold without permission.
NFT collector Artchick made another interesting speculation. In a conversation on Twitter, Artchick explains:
“Feels more like a tax evasion attempt, they sold their mutant for $25 to the same wallet. They’ll probably claim they were scammed and may even have the audacity to try to write it off, they bought the ape for 16eth. If it was a mistake, i wish them well, it’s quite a loss”.
Yuga Labs Launches BAYC Merchandise
In other news, Yuga Labs, the parent company behind Bored Ape Yacht Club NFTs, continues to take bold new steps. After launching the ApeCoin for the BAYC community last week, Yuga Labs has introduced some new items.
Besides, Yuga Labs makes it mandatory to buy the merchandise with ApeCoin. The BAYC has launched the ApeCoin as an in-game cryptocurrency for Benji Bananas, a game from Animoca Brands. However, this seems to be another way to increase the utility of ApeCoin.
However, shortly after the launch, some users complained that they encountered major issues while paying. Some users have also reported multiple payments on a single order. But BAYC assured them of a full refund in this case. In their recent update, BAYC Noted:
“For people who had limited-quantity items in their shopping cart and weren’t able to checkout: we’ll be emailing you an invoice with a link that will allow you to checkout with those limited items. If you want to buy more regular merch, you’ll have to complete another checkout. Only one checkout per wallet is allowed, so be sure to complete your entire order in a single transaction.”
