Example: Max Bid After Fees > Top Bid

Max bid value is 100% the Base Floor whenever you enter a percentage to the max bid value field, it means that the max bid value will dynamically change as the floor moves.

In the below table, top bidder's value of 157.89 is lower than my max bid value. However, as I have set up my undercut amount and undercut bidders count, the system is placing my bid at 157.878 after four bidders. The fifth position already covers the condition for the undercut amount: 0.0001. But for instance, if the undercut amount was a larger number such as 1 solana, the system would have placed my bid lower in the table as the fifth position wouldn't have met the undercut amount criteria.

Also keep in mind that the value you are sending is the Seller Sees value. 157.8780 is what the person that will accept the bid sees: