A Bored Ape sold for 115 DAI ($115) in what appears to be either a mistake, tax fraud, or a potential NFT scam. The same owner also sold Mutant Ape #11670 for 25 DAI ($25) to the same buyer. The floor price for Bored Apes is currently 102.69 ETH ($350,000) and the floor for Mutant Apes is 22 ETH ($75,000).
On Monday, OpenSea user “cchan” supposedly sold a Bored Ape and a Mutant for DAI instead of ETH. DAI is a stable coin pegged to the US dollar. That is to say that 1 DAI always equals 1 USD. Whereas ETH is currently trading at around $3,400.
What is interesting about this whole thing is that the previous owner “cchan” had to approve DAI on his MetaMask wallet to be able to accept these two offers. The ‘approve’ transaction can be found here. This suggests it could have been a potential deliberate move. However, when reached out to by The Block, the previous owner said he is “in the process of figuring it out as well.” He also proclaimed that he did not initiate any transactions on his account.
Scams and Mistakes seem to Be Happening More Often in the NFT Space
Both the Ape and Mutant hadn’t had their $APE token claimed yet. Since the purchase, the new buyer was able to claim 12,136 Ape tokens ($180,000). This isn’t the first instance of a high-end NFT selling for well below market value.
Many Bored Ape and other prominent collection holders saw their NFTs sell for a fraction of what they were worth are back in February due to the OpenSea listing bug. As of right now, the most likely possibility is that “cchan’s” account was compromised. There have been plenty of false Twitter users, claiming to be BAYC founders, promoting $APE token scams.
Be diligent when opening any links directly on Discord and Twitter. Hopefully, by being careful you can avoid any potential scams happening to you.
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This article is educational material.
As always, make your own research prior to making any kind of investment.
