We hear a lot about major NFT sales where prices go up and sellers make a lot of money. However, in the last few months, many NFTs have been sold at prices much lower than they were purchased.
The crypto market plunged and NFT sales declined. However, in contrast to substitutable tokens, or cryptocurrencies, the NFT market is much more difficult to crack, and individual NFT transactions often contain their own stories.
Celebrities who “get” high-value NFTs tend not to sell them. If the price of NFTs is too low, NFT collectors simply stop listing them in the hope that the market will recover in the future. Fat finger mistakes when a seller enters the wrong listing price or accepts the wrong bid are surprisingly common. When a fat finger list occurs, it is often immediately eavesdropped by the bot. Strange sell-and-buy patterns can also be attributed to the clothes trade when the same person buys and sells from himself. Money launderingBoth are well documented in the NFT market.
Stolen NFTs are also a big problem.There are several in many collections Frozen token It will not be sold in the market.
Below is a list of NFTs that have been resold in the months following the NFT boom. Or a list of NFTs that didn’t sell at all because the bid was too low. In many cases, sellers and bidders are pseudonyms, so you can only guess why they sold at a loss.
CryptoPunk # 273
Purchased for $ 1 million on October 19th. Sold for $ 139,000 on May 8th
CryptoPunk # 273. Photo via OpenSea.
One of NFT’s earliest and most famous collections is the Crypto Punks, developed by Larva Labs in 2017. Last October, CryptoPunk 273Purchased for $ 1 million (265ETH), pointing to a pixelated boy with a large shade and a hat. At that time, the NFT market was hot.
Six months later, the NFT market has cooled and collectors sold At $ 139,000 (55 ETH), 80% loss. On June 14, the punk switched hands again for $ 102,172 (89 ETH). This means that the rating has dropped further.
Boring Ape Yacht Club # 9518
Purchased for $ 525,000 on April 30th. Sold for $ 227,000 on May 10th
Boring Ape Yacht Club # 9518.. Photo via OpenSea.
On April 30th, someone bought a boring monkey NFT with a red hat, sleeveless T-shirt and rainbow-colored teeth for $ 525,520 (186 ETH). A week and a half later, they sold the NFT for half its price, $ 227,360 (112 ETH). Interestingly, the buyer of this transaction uses the username punksOTC. Promote over-the-counter transactions and personal transactions. This may explain why this piece was sold at that price.
Buyers Fixed tweets “Are you a professional NFT trader who wants to increase volume and lower fees? DM me.” Look at Etherscan, You can see When Ape moved from sellers to punksOTC, NFTs were part of a transaction to exchange for some other Bored Ape-related NFTs.
Sotheby’s’Punk it! “, A collection of 14 CryptoPunks
It is estimated to sell for $ 20 to $ 30 million.February 23, auction canceled due to lack of bids
Larva Labs, Punk it! A collage of CryptoPunks. Image of Sotheby’s provided.
If there was an NFT auction that was a spectacular failure, this would be May have been it.. Sotheby’s described the February 2022 auction “Punk It!”. As “a truly historic sale of an unquestionably historic NFT project”. The collection consisted of 104 CryptoPunks. A seller named 0x650d boasted that he first bought a full batch on Twitter. $ 7 million In ether.
Sotheby’s estimates that the lot will go from $ 20 million to $ 30 million, but in the end it didn’t sell at all. 23 minutes from the start of the auction, 0x650d, Tweet: “Nvm, hodl.. Sotheby’s does not comment on why the seller withdrew, but sources Told Blockworks There were not enough bids.
Jack Dorsey’s first tweet
Purchased for $ 2.9 million on March 22, 2021. Maximum bid after a year: $ 277
Jack Dorsey’s first tweet. Courtesy of Kenny Schachter.
In March 2021, the NFT market was booming and NFT began selling at insane amounts. That’s when Twitter co-founder Jack Dorsey created an NFT from his first tweet and auctioned it at Valuables on the NFT Marketplace. Cryptographic entrepreneur Sina Estavi won the auction with a bid of 1,630 ETH ($ 2.9 million).Estabi Called his purchase ” Mona Lisa Of the digital world. “
A little over a year later, Estavi Tweet He said his “Mona Lisa.. He listed it on Opensea for 14,969 ETH (about $ 46 million).At auction Closed a week laterOf the seven offers, the highest bid was $ 277 on ETH. As a result, Estavi still holds an NFT.
Melania Trump’sHead of State Collection “
First Lady buys her NFT for $ 185,000 on January 25th
Melania Trump’s “Head of State Collection” NFT
On January 11th, former First Lady Melania Trump launched an auction of the “Head of State Collection 2022” on the Solana blockchain. Providing a bundle This included a wide-brimmed hat that Melania wore during her visit to French President Emmanuel Macron in 2018, her watercolor in a hat, and an NFT pointing to the watercolor jpeg.
The winning bid was $ 180,000 in tokens (1,800 SOL at the time). However Dig further At the last minute, it was revealed that the creators of NFTs transferred some funds to various digital wallets and made a successful bid.The auction is Such unexploded ordnance, The owner bought his own NFT. The money was donated to charity.
Boring Ape Yacht Club # 3158
Purchased for $ 200,000 on May 11th. Sold for $ 21,000 on May 23
Boring Ape Yacht Club # 3158.. Photo via OpenSea.
The Monkey Sports Rainbow Suspenders and Mohawk went on sale May 11th for $ 202,000 (88 ETH). Two weeks later, on May 23, it sold for $ 20,680 (10 ETH), a tenth of the price. This turned out to be another fat finger tragedy. “Yeah, it was a fat finger. I was trying to list it at 105. I didn’t think it would happen to me. It’s devastating,” said the seller at @nft_metaman. Tweet..
Dog # 4292
Purchased for $ 32,000 on April 25th. Listed for $ 10 million.Most recent bids: $ 480
Dog # 4292.. Photo via OpenSea.
NFT, title curated by Snoop Dogg Dog # 4292It was purchased in early April for about $ 32,000 (9.69 ETH). A crazy image of a green astronaut standing on top of the Hollywood Walk of Fame star is currently auctioned and auctioned for months at an asking price of 8,888 ETH. It has been. The highest bid recently was 0.44 ETH, which was about $ 480.
He should have taken $ 480. The Current lowest rate Snoop Dogg’s “Doggies” collection is priced at $ 249 (0.23 ETH).
The owner has overpaid for this job. The person he bought it paid $ 420 to mint this NFT, then tried to turn it over for $ 162,000 and lowered the price every month until a big enough sucker arrived. It finally sold for $ 33,000. Much higher More than any resale from this collection.
CrypToadz # 2155
Purchased for $ 1 million on October 5th. Sold for $ 8,300 on June 13th
CrypToadz # 2155 According to GREMPLIN. Photo via OpenSea.
It doesn’t necessarily pay hodl. CryptToadz is an NFT collection of avatars. In October 2021, collectors paid $ 1.05 million (300 ETH) CrypToadz # 2155Pixel art image of toad skeleton with big yellow eyes on blue background. Eight months later, on June 13, the crypto market collapsed violently. He sold 6.9 ETH NFT (approx. $ 8,300)-a Loss of $ 1.02 million.. The collector seems to have been trying to reduce his losses due to the downturn in the market.
Boring Ape Yacht Club # 7256
Purchased for $ 513,000 on April 30th. Sold for $ 161 on June 1st
Boring Ape Yacht Club # 7256.. Photo via OpenSea.
Purchased by NFT collector on April 30th Bored monkey # 7256, An ape with an X on his eyes, a military hat, and a dagger in his mouth, $ 513,000 (188 ETH). June 1 He sold apes $ 161 (.088ETH).
It’s hard to know for sure what happened, but this looks like a fat finger mistake by an overly worried seller. In the days leading up to the sale, sellers using the username onekiller posted and canceled the ape list several times, as if they weren’t ready to make the leap. The list is all between 250 ETH and 145 ETH, suggesting that onekiller has full control over his account (ie, not hacked), but his finger was out of control.
Boring Ape Yacht Club # 835
Purchased for $ 50,000 on August 9, 2021 and sold for $ 115 on March 28.
Boring Ape Yacht Club # 835.. Photo via OpenSea.
Make a mistake! As for Bored Apes, it seems to happen more often. Last summer, an NFT buyer named Calvin Chan paid $ 50,000 (16 ETH) to a boring monkey with a designer stubble, a leather jacket and a cigarette hanging from his lips. March 28, He sold apes $ 115 at OpenSea (115 DAI).
Chan could have sold quite a lot of his NFT — there were other bids close to the market value of the NFT he didn’t accept — this is a fat finger, and perhaps he’s on the dollar. Confused with ether, suggesting that you got a fixed stablecoin cryptocurrency).
He later Announced on Twitter He was “swipe” on another boring monkey-related NFT. “”I am fine. It was a shock, but it’s okay, “he said. “Do you know what happened? No. Still, how and for some reason I’m trying to wrap my head around.”
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