A non-fungible token (NFT) from the popular CryptoPunks collection sold for 99 Wei (less than $0.01). On July 29 it was bought for $69,369.
The user put the punk up for general sale at 99wei instead of creating a whitelist sale so only they could buy it 😂
Function on line 144 was used instead of function on line 152 👀https://t.co/peGGJCrn7N pic.twitter.com/H1wuGpDN8R
— JonJon (@jonjonclark) August 4, 2021
According to the co-founder of the DeFi platform Float Capital, Jonathan Clark, the owner intended to sell the token in a whitelist, but instead made a general public offering.
Blockchain data shows the buyer paid miners 22 ETH (roughly $59,500 at the time of writing) via the Flashbots service to ensure no one beat him to it.
After the deal, the owner sold it for $136,675, netting more than $75,000.
Founded in 2017, the CryptoPunks collection comprises 10,000 NFT images at 24×24 pixels. The sold CryptoPunk #3860 is a man with glasses, a beard, a cigarette and a Mohawk.
Earlier, users lost 344 ETH attempting to buy Mila Kunis’s NFT show.
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