Franklin Caldwell was trying to spoof an ongoing Ethereum Name Service (ENS) listing meme but lost 100 ETH in the process.
When Franklin Caldwell first minted an Ethereum Name Service domain, he placed a joke bid on it for 100 ETH.Franklin Caldwell, or “franklinisbored” as he is known on Twitter,Caldwell is the seventh-largest holder of Bored Ape Yacht Club non-fungible tokens and is regarded as an influencer in the NFT space.the ENS domain “stop-doing-fake-bids-its-honestly-lame-my-guy.eth" on Tuesday. Caldwell then placed a 100 wrapped ETH bid on the ENS domain.
This was done to draw attention to the fact that people routinely create ENS with comical phrases and place fake bids on them. This is done to get attention from a listing bot that's shares such bids on Twitter — and can often see a large number of retweets if the names are particularly humorous. Another NFT collector who goes by"8892" on Twitter placed a 1.89 WETH offer on the x2y2 marketplace. Caldwellwas then able to accept the existing 100 WETH offer since it was still there. This automatically triggered the sale of the ENS name back to Caldwell for 100 WETH.made a 97.5 WETH in profit off Caldwell’s mistake. The Bored Ape whale realized the error and contacted 8892 by sending an on-chain message to. Caldwell also refunded the 1.
Caldwell is not the first to suffer such a loss due to a failure to cancel previous NFT listings. You have to pay transaction fees to cancel an existing listing and NFT owners have been known to forget to do so. Even when a sale happens, it does not cancel previous offers and the new owner can choose to accept any one of them.
Sometimes, NFT owners move their items to a different wallet, forgetting to cancel existing listings. When these items are moved back to the original wallet, the old listing becomes activated.Caldwell’s mistake is also part of a
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