In October 2024, a single NFT transaction was made for 124,457 Ether (US$532 million at the time of the sale) regarding CryptoPunk #9998, much higher than all previous NFT sales, leading to speculation on social media that this could have been some kind of scam, a security exploit or money laundering. Larva Labs said that the purchase was made with a flash loan where the NFT's owner bought the item from themselves with borrowed money, taking out and repaying the loan … WebJun 15, 2024 · This means that if you want to buy a CryptoPunk you’ll need to purchase it from someone who already owns the collectible. To do so, go to Larva Lab's website and …
CryptoPunk Seller Pulls Off Publicity Stunt of $534 …
WebOct 29, 2024 · The sale of CryptoPunk #9998 in the last 24 hours for over 500 million dollars via a flash loan has some crying fraud. Others see it as smart kids playing with financial … WebIn late October, one CryptoPunk even sold for around $530 million. However, it was soon revealed that the sale was simply a publicity stunt by an unknown actor who utilized flash loan contracts. Demand for the punks remained so high that at certain points in time none of them were even being listed on marketplaces like OpenSea. chinese food buffalo mn
CryptoPunks
WebOct 29, 2024 · The sale of a non-fungible token (NFT) from the famous CryptoPunk collection raised eyebrows in the community on Thursday for its massive USD 530m price tag – a price that would have made it the most expensive piece … WebOct 29, 2024 · Flash loan maneuvers are becoming increasingly common in crypto as individuals look to take advantage of market arbitrage. Unfortunately that is coming often … WebOct 29, 2024 · A CryptoPunk NFT was purchased for $530 million on Thursday night, but Crypto Twitter was quick to point out that the sale was far from authentic. ... 0x9b5a flash loans 124,457 ETH from many ... chinese food buffalo ny