Ethereum NFT Whale Loses $150K on a Meme Gone Wrong Ethereum | NFT & Crypto Updates

Ethereum NFT Whale Loses $150K on a Meme Gone Wrong

Ethereum Name Service (ENS) names—effectively, domain names that point to crypto wallet addresses—are gaining value as desirable names sold as NFTs trade hands. But today, a noted NFT collector is down over $150,000 worth of ETH after a “joke” bid on an ENS name was actually accepted. The pseudonymous collector Franklin, who owns 57 valuable Bored Ape Yacht Club NFTs, had registered the ENS name stop-doing-fake-bids-its-honestly-lame-my-guy.eth using an alternate Ethereum wallet on Tuesday, and then today placed a 100 WETH (Wrapped Ethereum) bid—that’s nearly $151,000 right now—on it using his main wallet.

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