A user took out a loan and bought the NFT himself for $532.4 million
One crypto investor became the owner of the most expensive NFT from CryptoPunks collection. He had to buy it from himself for $532.4 million.
What we know
In the early summer of 2021, a non-interchangeable token #7523 (Alien) was bought at Sotheby's for $11.8 million. It became the most expensive NFT in the CryptoPunks collection, which includes 10,000 avatars in the form of people, aliens and other creatures.
Punk 9998 bought for 124,457.07 ETH ($532,414,877.01 USD) by 0x9b5a5c from 0x8e3983. https://t.co/dmT6jDRC1W #cryptopunks #ethereum pic.twitter.com/UQlmm1oqkj
- CryptoPunks Bot (@cryptopunksbot) October 28, 2021
One crypto investor decided to become the lucky owner of CryptoPunks most expensive NFT. In order to do that he took a loan, auctioned token #9998 of Larva Labs studio for $532.4 million (124.4 ETH) and bought it from himself, after which he returned the borrowed funds. The commission for the purchase was $800 (0.19 ETH).
Some recent large bids were done the same way. The ether is offered and removed in a single transaction. So, while technically briefly valid, the bid may never be accepted. We'll add filtering to avoid generating notifications for these kinds of transactions in the future. 2/2
- Larva Labs (@larvalabs) October 29, 2021
Sadly, the owner of the most expensive NFT from the CryptoPunks collection was a crafty investor for a short time. Larva Labs representatives stated that the transaction was illegal, because the seller and the buyer were the same person. In the future, the company plans to add a filtering system that will not bring such transactions to the top. So #7523 (Alien) continues to be the most expensive non-interchangeable token from CryptoPunks.
