The BAYC Whale took to Twitter yesterday to announce his loss of 60.9 ETH ($95,000 at the time of writing) in a thread detailing his previous flips and losses. Bear market or not, NFTs are here to entertain! Learn the full story below.
Franklin Has 60 BAYC NFT Apes
Although all the details aren’t out yet, BAYC whale Franklin tweeted that he “fat-finger” sold an Ape NFT for 9 ETH. The floor price for a Bored Ape Yacht Club NFT is ~70 ETH on OpenSea. The NFT whale then proceeded to Ape back in, purchasing another Bored Ape for 69.9 ETH. Altogether, this setback cost Franklin a cozy loss of about 60.9 ETH. The Ape that Franklin sold was BAYC #7303 – a dark brown Ape with a Navy-striped tee and a WW2 helmet. Ape #7303 even has a rare Bored unshaven party horn trait.
Additionally, Franklin bought Ape #2368 at a 0.1 ETH “Fat-finger” discount. Sold by NFT Dealer Fancy (Twitter: @fncyl), Ape #2368 also rocks a Navy-striped tee. Franklin also posted his adventures following the Bored Ape flipping fiasco on the Twitter thread. He said he had previously purchased an Ape worth 70ETH and then sold a different Ape for 80.2 ETH. The move earned him 10.2 ETH. Moreover, he also purchased Ape #8232 to flip!
Professional Flipper Syndrome
Though the steep loss of 60.9 ETH would ruin the careers and lives of average NFT entrants, Franklin seems unfazed by the pressure. After all, this wouldn’t be the first time he sold a a Bored Ape NFT at an extreme loss. T NFT at an extreme loss. These high-risk moves also serve as a learning point for up-and-coming NFT traders. All in all, it’s business as usual in the NFT space.