$300,000 NFT mistakenly sold for $3,000
A "fat finger mistake" has resulted in a painting of a cartoon monkey selling for a ridiculous price.
Olivia Miller 
NFT's "Bored Ape Yacht Club" collection is currently in high demand. This is probably not due to the artistic value of the 10,000 monkey pictures, but to their owners. Among them are Jimmy Fallon, Steph Curry and Post Malone. Anyone who owns one of the monkey NFTs also gets access to an associated social network.
The cheapest NFTs in this collection are currently offered for over 50 Ether, or more than $200,000. When one of the NFTs was offered for the bargain price of the equivalent of $3,000, it was sold immediately.
Typo caused the bargain price
As Cnet reports, however, this did not happen intentionally. The seller with the username maxnaut wanted to offer the NFT for 75 Ether, or 300,000 US dollars. Instead, he set the offer at 0.75 Ether. Such typos are known as “fat-finger errors” in English. In the financial world, there are now automated protection mechanisms and algorithms against this—not in the case of NFTs.
According to Maxnaut, he noticed the error as soon as he pressed the mouse button to put the sale online. Before he could even click “Cancel,” his NFT was already sold.
Bots take advantage of human errors
The buyer additionally paid over 8 Ether ($34,000) for “gas.” This additional transaction fee accelerated the sale in the blockchain—so maxnaut no longer had a chance to cancel the trade.
Just moments later, the NFT was put up for sale again, for 60 Ether ($238,000). This all suggests that the buying and selling was done by a bot. These are programmed to immediately strike at NFTs from certain collections when they fall below a certain price. So the bots exist only to profit from fat-finger errors.
Typing errors with NFTs and cryptocurrencies.
Mistakes like this happen all the time. Recently, a user wanted to offer a CryptoPunk NFT for $19 million, but instead put it on a trading platform for $19,000. In August, a Bored Ape was unintentionally sold for $26,000. The seller offered $50,000 to reverse the transaction. The buyer declined and sold the NFT for US$150,000.
Cryptocurrencies have seen similar, sensational mistakes. In 2019, Tether doubled its coins because it unintentionally created $5 billion worth of new coins. In March, BlockFi wanted to send 700 Gemini Dollars to customers*, each of which was worth about a dollar. Instead, millions of dollars worth of bitcoin were sent. In September, a company unwittingly paid a $24 million transaction fee to transfer Tether, which was worth only $100,000.
