An Ethereum NFT Whale Lost $150K On A Joke Bid: Report

An Ethereum NFT whale lost $150K on a joke bid for an ENS name and it was accepted before he was able to cancel it so let’s read more today in our Ethereum latest news.

The Ethereum name service domain sold for $150,000 worth of ETH was actually sold as a part of an apparent joke gone wrong. The buyer that was previously the seller, said he forgot to cancel the 100 ETH joke bid on the NFT. The Ethereum name service names or domain names that point to the wallet addresses are gaining value as the desirable names sold as NFTs trade hands. Today, however, an Ethereum NFT whale is down over $150,000 worth of ETH after the joke bid on an ENS name was accepted.

What phrase or meme do you want me to have the ens bot tweet out as a .eth address with a 100 WETH bid? Lol I would have to mint the ENS address myself too.

— Franklin 🅱️uilding 57 apes (@franklinisbored) July 19, 2022

The collector Franklin who owns 57 valuable Bored Ape Yacht Club NFTs registered the ENS name stop-doing-fake-bids-its-honestly-lame-my-guy.eth and used an alternative Ethereum wallet and placed a 100 WETH bid worth $151,000 now on the main wallet. It was meant as a joke and he wanted to make the ENS bids twitter bot tweet it out all while mocking the same practice. However, Franklin sold the ENS domain to someone else for $2800 in celebration of making a profit.

He however forgot to cancel the 100 ETH bid that he placed from his wallet and 15 minutes later, the new owner of the meme ENS accepted the bid and got 100 ETH. Franklin got his jokey ENS name back but it is out 100 ETH on the entire situation. He tweeted:

“Oh no, I lost 100 ETH. I was celebrating my joke of a domain sale, sharing the spoils, but in a dream of greed, forgot to cancel my own bid of 100 ETH to buy it back. This will be the joke and bag fumble of the century. I deserve all of the jokes and criticism.”

In a response from Twitter users that he was botted or that an automatic program accepted his 100 ETH bid before he was able to cancel it, he pushed back and claimed that it was his mistake:

“I didn’t get ‘botted.’ I had plenty of time to cancel my offer, I just ran to Twitter instead. I also sent the 1.9 WETH back to the person who bought/flipped it back to me. This is a mistake that I can’t imagine anyone else putting in the effort to make.”

Franklin also confirmed the chain of events and commented:

“[I] just did not think about my outstanding bid. I didn’t think about canceling or expiring because I had already concluded earlier in the day that I was never going to transfer. But then I [saw] $$ signs and acted on it.”