Bored Ape NFT Accidentally Sold for 200 USDC ($200)

A BAYC holder may have sold his Bored Ape Yacht Club NFT for 200 USDC worth $200 by mistake. However, some of the members from the crypto community believe that this can’t just be just a random costly mistake but that the seller was instead trying to evade taxes. Bored Ape #6462 Purchased for Just $200 According to an update from Boredapebot, a Twitter account dedicated to posting sales from the Bored Ape Yacht Club (BAYC) collection, Ape #6462 was sold for a mere 200 USDC ($200) on Sunday. Ape #6462 was purchased for 200.0 USDC https://t.co/u3lQymdO1B — boredapebot (@boredapebot) May 15, 2022 With a current floor price of 101.42 ETH ($203,000), BAYC NFT is one of the most expensive NFT collections on the market. Considering that Ape #6462 has some of the rarest attributes, which include a bone necklace, police motorcycle helmet, and a bored pizza, it is possible that the NFT sale was yet another costly mistake. This could also mean the owner thought he was accepting an offer for 200 ETH instead of 200 USDC which means that the former owner sold the Ape for 99.9% below the floor price. Possible Tax Evasion Scheme? While some sympathized or even found the situation comical, many believed it was a tax evasion scheme. For instance, the transaction history on OpenSea shows that the NFT has been sold a couple of times for not less than 2 ETH ($7,000) about a year ago. It also shows that Ape #6462 has been transferred at least five ...