Cryptopunk Sold for 530M

coindesk.com

5 pointsaphroz2 comments

Look at the transactions, it was a loan contract and the funds were reverted to pay it back. End result was a net 0ish gain (minus gas fees). Someone either testing a contract or just flaunting.

It's a pump. They get headlines like this and then can sell other Cryptopunks for more.

Another common scam: create a new wallet, fill it using fiat, and then buy your own NFT with it.

Let's say you buy one NFT out of a set of 100 for $100k. Suddenly you've given your other 99 NFTs a valuation of $9.9M.

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