Although the NFT boom period seems to have passed, an amazing transaction seems to make people relive the bull market situation of the past: "CryptoPunk #1563" was sold for a sky-high price of US$56.29 million earlier today (4th), breaking previous history record $23.7 million.
"CryptoPunk #1563" is a pixelated female image with black hair and blue eyes. It was sold for 24,000 Ethereum coins (ETH) early this morning. But surprisingly, the NFT was sold in September this year. The price quoted was only about 30 Ethereum coins, and therefore, the motivation behind the buyer once aroused heated discussion in the cryptocurrency community.
Punk 1563 bought for 24,000 ETH ($56,292,000.00 USD) by 0x9cbb3d from 0xba1349. https://t.co/FqDvGZvg05#cryptopunks#ethereum pic.twitter.com/hWimHKYb0x
— CryptoPunks Bot (@cryptopunksbot) October 3, 2024
Looking back at the history of the NFT market, such sky-high price transactions are actually not uncommon. In 2021, "CryptoPunk #9998" was sold for a "sky-high price" of US$532 million in a "technical transaction", but on-chain data shows that the buyer and seller at the time were actually the same person.
According to analysis, the "CryptoPunk #1563" sold today was completed through a flash loan. The "buyer" first borrowed 24,000 Ethereum coins from the DeFi protocol Balancer, and then the "seller" repaid the loan to the Balancer. The transaction process No party makes any money, but the party executing the transaction actually pays the network fees, and the NFT does move between wallets.
Anonymous on-chain detective 0xQuit pointed out that this flash loan is related to the upcoming meme coin "Kamala Harris Punk", speculating that the theme "CryptoPunk#1563sold at a sky-high price" seems to be to arouse people's suspicion of the token. Pre-sale interest.
Launched on June 23, 2017, CryptoPunks is the earliest and most representative NFT on Ethereum. Over the past year, CryptoPunks’ average sales price has hovered around 58.78 Ethereum (approximately $140,000), with total sales reaching 98,335 Ethereum (approximately $233 million).
"CryptoPunk #1563" sold for $56.29 million, is NFT craze returning? "This article was first published on (Block Guest).
