BAYC NFT Sold for 10 ETH: Error, Tax Evasion, or Undervalued? The Real Story
Why did a Bored Ape Yacht Club NFT sell for a seemingly low price? The sale of a BAYC NFT for just 10 ETH has sparked heated debate in the NFT community. With the floor price of Bored Ape Yacht Club (BAYC) fluctuating, recently dipping below 11 ETH, the sale raises key questions: Was it a mistake, an attempt at tax evasion, or simply an undervalued asset?
Mistake or Hack? The Case for an Error
The NFT world is rife with potential errors. Remember when A BAYC holder sold his Ape NFT 64 USDC, raising speculation about a mistake or tax avoidance? Similar incidents have occurred. At the start of the week, an OpenSea user called “cchan” accepted a bid for BAYC 835 in what appears to be either a hack or a grave mistake. A simple typo or misclick could lead to a significant loss. A BAYC holder may have sold his Ape NFT for 200 USDC by mistake, mirroring the confusion surrounding this 10 ETH sale.
Tax Evasion Allegations
Another theory revolves around tax evasion. Selling an NFT at a drastically reduced price could potentially be used to manipulate reported profits or losses, as speculators think the seller was trying to evade taxes. When making transactions, tax implications are always a consideration. While we cannot definitively say this was the case, the possibility fuels the discussion.
Undervaluation & Market Volatility
The NFT market, including the BAYC collection, is notoriously volatile. Even the most prestigious collections aren\'t immune. According to CryptoSlam, global NFT monthly sales have fallen below $400,000. Even some of the most sought-after NFTs, such as those from the Bored Ape Yacht face price fluctuations. Blur data shows that the floor price of Bored Ape Yacht Club (BAYC) fell below 11 ETH and is now trading at 10.89 ETH. It fell 12.08% on the 7th, a drop of more than. It’s possible the seller was simply willing to accept a lower offer due to market conditions, or had an urgent need for liquidity.
The Wider Context of BAYC Sales
It\'s important to consider the context of overall BAYC activity. While individual sales might raise eyebrows, larger trends offer a broader perspective. For example, Valued at over $300,000 Bored Ape Yacht Club NFT holders who run research and trading firm Degenz Finance cashed out to the tune of more than 6,000 ETH, or $10 million, on 5 de sept. de 2025 This level of activity demonstrates the dynamic nature of the BAYC market.
Manipulation and Wash Trading Concerns
The possibility of market manipulation also exists. It can\'t just be on one transaction otherwise someone could force liquidate these loans by wash trading a BAYC NFT to themselves (they\'d run the risk of getting sniped by a bot but with the. While this is less likely, it\'s a possibility to consider.
The Verdict: A Complex Situation
Ultimately, determining the exact reason why A Bored Ape Yacht Club NFT was sold for a measly amount of 10 ETH, considering that the BAYC collection is usually worth hundreds of is difficult without more information. It could be a combination of factors: a genuine mistake, a calculated tax strategy, or simply a reflection of the market\'s inherent volatility. The incident serves as a reminder of the risks and complexities involved in NFT trading.