After Monkey Bought NFT for 4 Ethereum, He Rejected Offer of $1.2 Million…Details Here


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It is very clear that the non-fungible NFT tokens caused quite a stir.

So there are so many great stories of random people turning a few thousand dollars into millions.

But in this article the opposite is where someone buys an NFT monkey for 4 Ethereum (it was valued at $17,000 in May 2021) and rejected an offer of $1.2 million.

Story details:

The Bored Ape Yacht Club is a popular NFT series that is a collection of 10,000 non-fungible NFT tokens depicting bored monkeys.

Each one carries different traits, and each trait is intrinsically limited.

So, for example some monkeys have hats, others have sunglasses, and so on.

The rarity of each NFT is represented by the rarity of each trait, the more rare a trait is, the rarer it is.

Including Monkey #1726.

On February 2, 2022, a user with the ID @ElectionDayMad1 revealed on Twitter that he had declined an offer of 420 ETH for the aforementioned monkey.

At the time of this writing, the value is $1.2 million.

What is even more impressive is that the user paid 4 Ethereum for it on May 1st.

Why did he refuse the offer?

Here’s why

As mentioned above, NFT boring monkeys are made up of different traits, and each one is disparately rare.

So it turns out that Bored Ape #1726 is very rare.

And in his speech to source User stated:

I declined the offer because the golden fur monkeys are the rarest in the BAYC series.

Also, it’s my personal brand, and I believe that with this brand and owning the Monkey, I can continue to make money.

Only 1 out of 46 Golden Fur Monkeys is on sale for less than ETH 1000 and I would like to remain part of this group.

The only golden fur monkey listed for sale for less than a thousand Ethereum is Monkey #1837.

However, the amount of $ 1 million offered can also buy its owner real golden fur 🙂

Read also:

Russia shuts down four dark web sites that generated $263 million in crypto sales

M&A deals in the crypto arena up 5,000% in 2021

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