Summary of Record $56M CryptoPunk more likely a publicity stunt, says observer

Summary of Record $56M CryptoPunk more likely a publicity stunt, says observer
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/0192548d-f78b-7763-b47c-db8a2c53cbd0

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quoting nevent1q…knnj

Record $56M CryptoPunk more likely a publicity stunt, says observer
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/0192548d-f78b-7763-b47c-db8a2c53cbd0

Everyone’s talking about a newly sold $56 million CryptoPunk NFT, however, the transaction isn’t what it appears to be.

https://cointelegraph.com/news/56-million-cryptopunk-not-as-it-seems

A CryptoPunk NFT reportedly sold for $56 million is believed to be a marketing stunt for a new memecoin, according to an NFT expert. The sale was funded by a flash loan from the automated market maker protocol Balancer.