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In what would rank as probably the most costly gross sales within the historical past of NFTs, a CryptoPunk NFT has simply been bought for over $500 million, although analysts have begun to lift questions concerning the legitimacy of the sale.CryptoPunk 9998 bought for over $500 millionAccording to the CryptoPunk gross sales feed, the mentioned NFT CryptoPunk #9998 was bought for $532 million, which implies it’s the costliest sale within the historical past of Cryptopunks.Whereas that is speculated to be celebrated, the crypto neighborhood has met the weird transaction with doubt, speculating that there could possibly be a form of manipulation within the sale. Members of the neighborhood have identified that the brand new purchaser and the earlier holder could possibly be the identical particular person as a result of the CryptoPunk NFT was bought again to the unique tackle that was holding it beforehand.One other college of thought believes that the acquisition might have been made by a flash mortgage. If this was the case, it means the sale of the NFT might need been reversed.An analogous case had occurred earlier within the 12 months when this methodology was used to buy an NFT which left the holder with an intangible quantity of the gross sales value.Crypto neighborhood reactsWith the intention of the client and holder unclear, some have speculated that this might simply be somebody having enjoyable.You possibly can borrow so long as you assure to pay it again inside the identical transaction. This particular person borrowed 500M DAI and a ton of ETH after which paid it again whereas concurrently buying the crypto punk.— Buzz (@buzz_strong) October 29, 2021Buzz, in attempting to rationalize the sale, acknowledged that it was a flash mortgage. Based on him, “This particular person borrowed 500M DAI and a ton of ETH after which paid it again whereas concurrently buying the crypto punk.”The view of Buzz was additionally shared by @nanexcool who defined the sale as a flash mortgage.That is so good 🙂– Flash mortgage as a lot as you’ll be able to– Checklist your punk for an insane quantity of $ETH– Purchase it– Different account provides you the ETH again– Repayhttps://t.co/nlo24twyEx https://t.co/7CLhYAHKb8— mariano.eth ✨ᕙ༼💦༽ᕗ✨ | 🦇🔊 (@nanexcool) October 28, 2021However, standard Twitter person David Lark doesn’t share the view. Based on him, it’s a case of cash laundering as he tweeted “Now that’s cash laundering.”Get an edge on the cryptoasset marketAccess extra crypto insights and context in each article as a paid member of CryptoSlate Edge. On-chain evaluation Value snapshots Extra context Be part of now for $19/month Discover all benefitsPosted In: Ethereum, NFTs Like what you see? Subscribe for updates.
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