{"id":51990,"date":"2021-10-29T13:13:40","date_gmt":"2021-10-29T10:13:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51990"},"modified":"2025-09-03T02:41:30","modified_gmt":"2025-09-02T23:41:30","slug":"cryptopunk-owner-sells-nft-to-himself-for-532m-in-ethereum","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/cryptopunk-owner-sells-nft-to-himself-for-532m-in-ethereum\/","title":{"rendered":"CryptoPunk owner sells NFT to himself for $532m in Ethereum"},"content":{"rendered":"<p>In the early hours of October 29, the NFT CryptoPunk #9998 was sold for a record 124,457 ETH ($532 million at the time of the transaction). However, the deal proved to be fictitious\u2014the owner sold the token to himself.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Punk 9998 bought for 124,457.07 ETH ($532,414,877.01 USD) by 0x9b5a5c from 0x8e3983. <a href=\"https:\/\/t.co\/dmT6jDRC1W\">https:\/\/t.co\/dmT6jDRC1W<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/cryptopunks?src=hash&#038;ref_src=twsrc%5Etfw\">#cryptopunks<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#ethereum<\/a> <a href=\"https:\/\/t.co\/UQlmm1oqkj\">pic.twitter.com\/UQlmm1oqkj<\/a><\/p>\n<p>\u2014 CryptoPunks Bot (@cryptopunksbot) <a href=\"https:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504?ref_src=twsrc%5Etfw\">October 28, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>Creators of the CryptoPunks collection from Larva Labs <a href=\"https:\/\/twitter.com\/larvalabs\/status\/1453903818308083720\">said<\/a> that a user with the alias blurr bought the token with <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-flash-loans\">instant loan<\/a> funds and repaid the loan in the same transaction. They say the trade was technically not valid.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Some recent large bets were conducted in the same way. Ethereum was offered and withdrawn in a single transaction. And although technically the order is valid, it cannot be accepted,&#8221; the creators added.<\/p>\n<\/blockquote>\n<p>In a transaction note, blurr left a message: &#8220;Looks rare&#8221;. <a href=\"https:\/\/etherscan.io\/tx\/0x92488a00dfa0746c300c66a716e6cc11ba9c0f9d40d8c58e792cc7fcebf432d0\/advanced\">message<\/a>.<\/p>\n<p>The transfer fee for 124,457 ETH amounted to about $800.<\/p>\n<p>The user has again put CryptoPunk #9998 up for sale at 250,000 ETH ($1.07 billion). In August, the token price stood at 110 ETH.<\/p>\n<p>Larva Labs has said it will add alert filters so that such invalid flash-loan-based transactions are no longer accessible. The analytics service CryptoSlam <a href=\"https:\/\/twitter.com\/cryptoslamio\/status\/1453906152568336389\">said<\/a> it would remove data about this deal.<\/p>\n<p>The most expensive CryptoPunks NFT was Lot #7523, also known as COVID Alien. It was purchased in June 2021 for <a href=\"https:\/\/u1f987.com\/en\/news\/sothebys-sold-the-covid-alien-cryptopunk-nft-for-11-8m\">4520 ETH<\/a> ($11.8 million at the time of the deal).<\/p>\n<p>Earlier, the owner of NFT CryptoPunk #6046 <a href=\"https:\/\/u1f987.com\/en\/news\/cryptopunk-6046-owner-refuses-to-sell-for-2500-eth\">refused to sell the token for 2500 ETH<\/a> ($9.49 million at the time of the bid).<\/p>\n<p>Read ForkLog&#8217;s bitcoin news in our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the early hours of October 29, the NFT CryptoPunk #9998 was sold for a record 124,457 ETH ($532 million at the time of the transaction). However, the deal proved to be fictitious\u2014the owner sold the token to himself.<\/p>\n","protected":false},"author":1,"featured_media":51991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1432,1093,1213],"class_list":["post-51990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptopunks","tag-defi","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"40","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=51990"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51990\/revisions"}],"predecessor-version":[{"id":51992,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51990\/revisions\/51992"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/51991"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=51990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=51990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=51990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}