NFT Hodler Loses 100 Ethereum Thanks to a Joke

In his tweet dated July 19, he offered the community to decide what phrase or meme does it want for him to “have the ens bot tweet out as a .eth address with a 100 WETH bid?”, adding that he “would have to mint the ENS address myself too.”

Eventually, he minted the ENS domain “stop-doing-fake-bids-its-honestly-lame-my-guy. eth”, using an alternate wallet.

Things, however, did not go to plan, with him forgetting to cancel his bid that resulted in a financial loss. On July 20, he wrote, “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.”

Expectedly, he received a lot of both in response while also apologizing for the market manipulation in the ENS marketplace saying, “hopefully I paid enough restitution. I am sorry for letting you down.”

Stories like these are not rare in the crypto community, with the media also reporting time and again about crypto hodlers who lost passwords to their wallets.

One of the most well-known stories was reported by Stefan Thomas, a German programmer living in California, who told The New York Times that he could not access his 7,002 bitcoin, worth about $220m, and had just two attempts left before being locked out forever. 

He eventually made peace with his loss.

Previously, The Coinomist reported that another NFT project had been launched, dubbed the Yeti Yacht Club, which aims to transform the industry standards for elite NFTs.