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Another Bored Ape NFT has been undersold, this time for just US$200. The crypto community now believes this has become a common practice to evade capital gains According to Boredapebot, a Twitter account that records purchases of Apes from the Bored Ape Yacht Club (BAYC) collection, Ape 6462 was purchased on A BAYC NFT holder just sold his Ape for 200 USDC. A pricey mistake? or a tax evasion tactic? Observants vouch for the latter. Boredapebot, a page that tweets the sales People sell NFTs to artificially prop up their value, evade taxes, cheat partners, move assets abroad, and everything in between. Today, we’ll look into how BAYC A Bored Ape Yacht Club NFT was sold for a measly amount of 10 ETH, considering that the BAYC collection is usually worth hundreds of The majority say that it was surely a tax evasion. Despite its actual high price, the unique BAYC NFT, 6462, had been available for $200. If you look at the unique A BAYC holder sold his Ape NFT 64 USDC, which has raised speculation if it was by mistake or if the seller was trying to avoid taxes. When making Un NFT de BAYC, Bored Ape, fue vendido por 200 USDC. Aunque a priori parece un error, las circunstancias de la ventas señalarían lo contrario.

BAYC NFT Sold for $200 USDC: Tax Evasion Tactic or Pricy Mistake?

Another Bored Ape NFT has been undersold, this time for just US$200. The crypto community now believes this has become a common practice to evade capital gains. But was it a genuine error, or a deliberate attempt to avoid taxes? Let\'s delve into the details.

According to Boredapebot, a Twitter account that records purchases of Apes from the Bored Ape Yacht Club (BAYC) collection, Ape 6462 was purchased on… well, practically given away! A BAYC NFT holder just sold his Ape for 200 USDC. A pricey mistake? or a tax evasion tactic? Observants vouch for the latter.

The Curious Case of Ape 6462

The majority say that it was surely a tax evasion. Despite its actual high price, the unique BAYC NFT, 6462, had been available for $200. If you look at the unique attributes and scarcity of this NFT, the drastically reduced price raises immediate red flags.

Tax Evasion Suspicions Surround Low-Price NFT Sales

Boredapebot, a page that tweets the sales of Bored Ape NFTs, highlighted the transaction, sparking heated debate within the crypto community. People sell NFTs to artificially prop up their value, evade taxes, cheat partners, move assets abroad, and everything in between. Today, we’ll look into how BAYC NFTs are being used, or potentially misused, for such purposes.

This isn\'t an isolated incident. A Bored Ape Yacht Club NFT was sold for a measly amount of 10 ETH, considering that the BAYC collection is usually worth hundreds of ETH. While 10 ETH is still a significant amount, it\'s far below the market value for a comparable Bored Ape, further fueling suspicions of deliberate undervaluation.

A Closer Look at the Transaction

A BAYC holder sold his Ape NFT for 64 USDC, which has raised speculation if it was by mistake or if the seller was trying to avoid taxes. When making significant crypto transactions, diligence is paramount. However, in this instance, the extreme difference between the sale price and the market value suggests something more than just a typo.

Adding further intrigue, Un NFT de BAYC, Bored Ape, fue vendido por 200 USDC. Aunque a priori parece un error, las circunstancias de la ventas señalarían lo contrario. (A BAYC NFT, Bored Ape, was sold for 200 USDC. Although at first it seems like a mistake, the circumstances of the sale would indicate otherwise.) This international perspective highlights that the issue isn\'t confined to a single region.

Is It a Mistake or a Calculated Move?

While human error is always possible, the sheer scale of the undervaluation makes it seem unlikely. The crypto world is abuzz with discussions on whether this was a deliberate tax evasion strategy. Only time will tell if authorities investigate and determine the true intent behind this transaction.

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