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The blunder has sparked debate among observers. Some suggest it was a wash trade, while others believe it was an honest mistake.<\/p>\n<figure id=\"attachment_56033\" aria-describedby=\"caption-attachment-56033\" style=\"width: 1920px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-56033\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"NFT Trademark Guide Published by UKIPO\" width=\"1920\" height=\"1200\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569.png 1920w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569-300x188.png 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569-1024x640.png 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569-768x480.png 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569-1536x960.png 1536w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569-150x94.png 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569-450x281.png 450w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569-1200x750.png 1200w\" data-lazy-sizes=\"(max-width: 1920px) 100vw, 1920px\" data-lazy-src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-56033\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569.png\" alt=\"NFT Trademark Guide Published by UKIPO\" width=\"1920\" height=\"1200\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569.png 1920w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569-300x188.png 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569-1024x640.png 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569-768x480.png 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569-1536x960.png 1536w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569-150x94.png 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569-450x281.png 450w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569-1200x750.png 1200w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\"\/><\/noscript><figcaption id=\"caption-attachment-56033\" class=\"wp-caption-text\">Fat-Finger Trade: NFT Trader Overpays for Free NFT by $191K!,<br \/>Credit:Bitcoinist<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<h2><span id=\"The_191K_Mistake_A_Costly_NFT_Bid\"><strong>The $191K Mistake: A Costly NFT Bid<\/strong><\/span><\/h2>\n<p>The NFT in question was part of OpenSea\u2019s Gemesis NFT collection. It is set of free NFT tokens designed to celebrate the launch of OpenSea Pro on April 4. Instead of acquiring the NFT for free, the trader accidentally placed a bid for 100 ETH, a massive 250,000% increase on the floor price of 0.04 ETH. OpenSea Pro, a marketplace aggregator aimed at professional users, offers an enhanced suite of features, including live cross-marketplace data and advanced orders.<\/p>\n<h2><span id=\"Deciphering_the_Blunder_Wash_Trading_vs_Human_Error\"><strong>Deciphering the Blunder: Wash Trading vs. Human Error<\/strong><\/span><\/h2>\n<p>There has been considerable speculation surrounding the reasons for the inflated bid. Some argue it was wash trading. Understandably, his is a form of market manipulation in which a trader buys and sells an asset to present misleading information to the market.<\/p>\n<p>While illegal in traditional stock markets, wash trading is prevalent in NFT trading. However, others, such as Twitter user \u201c0xSun,\u201d have posited that the trader intended to bid $100 but mistakenly bid 100 ETH instead. A Reddit user who posted about the sale also cast doubt on the wash trading theory, pointing out that the open offer could have been accepted by anyone, making it too risky for wash trading.<\/p>\n<h2><span id=\"OpenSea_Pro_and_the_Gemesis_Free_NFT_Collection\"><strong>OpenSea Pro and the Gemesis Free NFT Collection<\/strong><\/span><\/h2>\n<p>OpenSea acquired NFT aggregator Gem on April 25, 2022, and developed the platform into OpenSea Pro. Only users who purchased at least one NFT on Gem before March 31 are eligible to mint a Gemesis NFT. The minting window is will close on May 4.<\/p>\n<h2><span id=\"The_Importance_of_Caution_in_the_Free_NFT_Marketplace\"><strong>The Importance of Caution in the Free NFT Marketplace<\/strong><\/span><\/h2>\n<p>The costly error of a collector buying a free NFT for 100 ETH is a remarkable one. It has sparked discussions about the potential for market manipulation in the NFT space. As the debate rages on, it remains unclear what took place. Whether the transaction was a genuine mistake or a more nefarious wash trade. Regardless of the truth, this incident highlights the importance of diligence. Especially when navigating the volatile and sometimes unpredictable world of NFT trading.<\/p>\n<div class=\"bottom-text__subscribe\">\n<div id=\"mlb2-5802138\" class=\"ml-form-embedContainer ml-subscribe-form ml-subscribe-form-5802138\">\n<div class=\"ml-form-align-center\">\n<div class=\"ml-form-embedWrapper embedForm\">\n<div class=\"ml-form-embedBody ml-form-embedBodyHorizontal row-form\">\n<div class=\"ml-form-embedContent\" style=\"\">\n<h4><span id=\"Join_Our_New_To_The_Moon_daily_Newsletter\">Join Our New &#8220;To The Moon&#8221; daily Newsletter<\/span><\/h4>\n<p>Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts &amp; stay on top \ud83d\udc4a\ud83c\udf1a<\/p>\n<\/div>\n<\/div>\n<div class=\"ml-form-successBody row-success\" style=\"display:none\">\n<div class=\"ml-form-successContent\">\n<h4><span id=\"Thank_you\">Thank you!<\/span><\/h4>\n<p>You have successfully joined our subscriber list.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\" data-lazy-src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\"\/><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/nftevening.com\/fat-finger-trade-free-nft-trader-overpays-for-free-nft-by-191k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A nonfungible token (NFT) collector has mistakenly purchased a free NFT for a staggering 100 Ether (ETH), equivalent to $191,239, on the OpenSea marketplace. The blunder has sparked debate among observers. Some suggest it was a wash trade, while others believe it was an honest mistake. Fat-Finger Trade: NFT Trader Overpays for Free NFT by [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":55848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/shutterstock_1243945411-e1569441414569.png","fifu_image_alt":"","footnotes":""},"categories":[681],"tags":[],"class_list":["post-55847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metaverse"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Free NFT Trader Overpays for Free NFT by $191K! - Gaming News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pley2win.com\/?p=55847\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Free NFT Trader Overpays for Free NFT by $191K! - Gaming News\" \/>\n<meta property=\"og:description\" content=\"A nonfungible token (NFT) collector has mistakenly purchased a free NFT for a staggering 100 Ether (ETH), equivalent to $191,239, on the OpenSea marketplace. The blunder has sparked debate among observers. Some suggest it was a wash trade, while others believe it was an honest mistake. 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The blunder has sparked debate among observers. Some suggest it was a wash trade, while others believe it was an honest mistake. 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