NFT collector loses 35 ETH after a “fat finger” bid on Beanz collection



19 February 2023 13:23, UTC


Studying time: ~2 m

An NFT collector by the title “Franklin” on Twitter has by accident misplaced 35 ETH, price over $59k, after a “fats finger” bid on Beanz assortment.

A pricey fats finger

Franklin, who claims to be the sixth largest collector of Bored Ape Yacht Membership (BAYC), mentioned he by accident positioned a “fats finger” supply of 35 ETH for a Beanz assortment. He meant to put a a lot decrease bid contemplating the ground worth of the Beanz NFTs is lower than 2 ETH.

As you might already know, I positioned a fat-finger assortment supply of 35 ETH on Beanz. I meant to kind a a lot decrease bid with a amount of 35, however I as an alternative bid 35 ETH for 1 buy (flooring of like 1.73 ETH on the time). It acquired accepted earlier than I might cancel.


I’ll be okay.

— Franklin (@franklinisbored) February 19, 2023

Due to the ultra-high bid of 35 ETH on a single Beanz NFT, the bid was rapidly accepted earlier than he might cancel.

Beanz NFTs are “small species that sprout from the grime within the backyard” and may make a “nice sidekick for Azuki”. Every Bean, the creator explains, is “earnestly pushed by the will to assist”. All Beanz NFTs have been minted on Ethereum.

By accepting the bid worth supplied by Franklin, the vendor of the unidentified Beanz NFT acquired an above-rate revenue from the asset. The immutable nature of ETH and crypto transactions means funds can’t be reversed as soon as confirmed. Ought to Franklin determine to recoup funds, the one recourse is to have interaction the vendor immediately. Whether or not he’ll obtain funds immediately is dependent upon the vendor; if that is the trail, Franklin could should persuade the vendor that it was a mistaken bid.

Franklin didn’t point out exactly the NFT market he positioned his bid.

Beanz NFT statistics

Beanz NFT assortment is listed on a number of marketplaces, together with OpenSea, the most important by buying and selling volumes, and Rarible. On OpenSea, solely six NFTs are valued between the 30 ETH to 35 ETH vary. Particularly, Bean #12645 and Bean #18478 are listed for 35 ETH. patrons can place bids. The public sale for every ends in 4 and two months, respectively.

Per OpenSea statistics, there are 19.9K Beanz owned by 7,396 holders. The ground worth stands at 1.615 ETH, a worth that’s been regular in February.

The gathering has a complete buying and selling quantity of over 109k ETH. 58% of all Beanz holders maintain one NFT merchandise, with lower than one p.c being holders of at the least 50 NFTs.

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