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.

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).

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.