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Cryptopunk flash loan

WebOct 28, 2024 · At 7:50 p.m. ET on Thursday night, the sale ledger of Larva Labs, creators of the popular NFT CryptoPunks, recorded a sale of $534.4 million on #9998. The transaction history shows that the sale went … In October 2024, a single NFT transaction was made for 124,457 Ether (US$532 million at the time of the sale) regarding CryptoPunk #9998, much higher than all previous NFT sales, leading to speculation on social media that this could have been some kind of scam, a security exploit or money laundering. Larva Labs said that the purchase was made with a flash loan where the NFT's owner bought the item from themselves with borrowed money, taking out and repaying the loan …

CryptoPunk 9998 NFT Sale for $532 Million of Ethereum Wasn

WebOct 29, 2024 · A flash loan is a decentralized finance tool used to loan notable amounts of crypto based on smart contracts. Then, the buyer used a different wallet to buy his own … WebOct 29, 2024 · In a questionably large sale, CryptoPunk #9998 has sold for more than $532M, according to the project’s sales feed. CryptoPunks Token Sells for $500 Million … character in black panther https://kaiserconsultants.net

What are CryptoPunks and did one sell for $530million?

WebOct 30, 2024 · CryptoPunk #9998 has sold for 124k ETH, worth $532 million at the time of sale. The sale turned out to be a flash loan purchase in which the seller purchased his … WebAug 9, 2024 · CryptoPunks are a 10,000-piece token collection on the Ethereum blockchain that was released in 2024 by New York City-based Larva Labs. They are widely recognized as the first NFTs. What began as a deflated experiment continues on today, challenging our concept of ownership and all that it entails in the digital age. WebOct 29, 2024 · A CryptoPunks NFT apparently sold for $532 million worth of ETH tonight. Larva Labs says it was due to someone playing around with flash loans, and isn’t … character in christmas vacation

Here’s Why a CryptoPunk Sold for $530M - Yahoo Finance

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Cryptopunk flash loan

CryptoPunks

WebOct 29, 2024 · Punk #9998, which is a white-haired, green-eyed pixelated character, is among the 10,000 collectible characters built on the ethereum blockchain. A Twitter bot that … WebOct 30, 2024 · A Flash Loan is a crypto-native transaction that allows buyers to take advantage of the price difference between assets offered at different exchanges. This …

Cryptopunk flash loan

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WebOct 29, 2024 · A similar flash loan transaction was conducted in February to purchase a HashMask NFT for 139,000 ETH, currently the largest NFT sale on record – even if on a … WebJul 6, 2024 · All that said, CryptoPunks aren’t cheap these days. Everyone wants one. According to the Larva Labs marketplace, the cheapest Punk on sale right now is priced at ~17.5 ETH (~$38,500 as of writing). That sort …

WebOct 29, 2024 · A CryptoPunk NFT was purchased for $530 million on Thursday night, but Crypto Twitter was quick to point out that the sale was far from authentic. ... 0x9b5a flash loans 124,457 ETH from many ... WebNov 1, 2024 · Flash loans are a complicated decentralized finance tool; There are 10,000 Cryptopunks in the collection; It’s the most costly NFT at any point sold on paper. On Thursday, somebody purchased a CryptoPunk NFT, or non fungible token, for 124,457 ethereum – about $532 million. ... The cheapest Cryptopunk starts at 100 Ethereum or …

WebOct 30, 2024 · CryptoPunk # 9998 triggered a sell alert shortly before 3:00 p.m. yesterday with a trading price of over 124,457 ETH, or then 532 million US dollars. The highest CryptoPunk sale ever is just $ 11.8 million and the only current NFT record is just over $ 69 million for Beeple digital artwork. Some suspect that this is a money laundering ... WebOct 29, 2024 · Someone made a flash loan purchase of CryptoPunk #9998 from themself for 124.46K ETH. How’s that for an on-chain NFT stunt? CryptoPunks Bot @cryptopunksbot Punk 9998 bought for 124,457.07 ETH ($532,414,877.01 USD) by 0x9b5a5c from 0x8e3983. larvalabs.com/cryptopunks/de… #cryptopunks #ethereum 11:52 PM ∙ Oct 28, 2024 …

WebOct 29, 2024 · A CryptoPunk non-fungible token (NFT) was just sold for a staggering $530 million on Thursday. The purchase makes it the largest ever sale recorded not just in the …

WebFeelTheFish. · 6 mo. ago. This is step-by-step how it was done: Create a listing for X ETH with one contract (Contract A) Ask for a flash loan with another contract, buy the NFT (Contract B) Pay the NFT with the big-ass loan. Give back the money from Contract A, who now has the money from the NFT transaction, to contract B. harold sims house earls colneWebBasically a flash loan is a sequence of transactions that are atomic within a block: Borrow X Do something with it Return X If you don’t return X, the whole sequence is invalidated. But! You can indeed trade X, on decentralised exchanges! As long as you buy it back and give it back at the end of the sequence of transactions. character indie game spriteWebOct 29, 2024 · The sale of CryptoPunk #9998 in the last 24 hours for over 500 million dollars via a flash loan has some crying fraud. Others see it as smart kids playing with financial … character indicatorWebDec 19, 2024 · Flash loans are a complicated decentralized finance tool, but the gist of it is they allow you to loan huge sums of cryptocurrency only if the criteria of a smart contract … character in face off crosswordWebOct 29, 2024 · Flash loan maneuvers are becoming increasingly common in crypto as individuals look to take advantage of market arbitrage. Unfortunately that is coming often … character in face/off crosswordWebAug 2, 2024 · On October 29, 2024, it was reported that a CryptoPunk NFT sold for a staggering $530 million - making it the most expressive NFT ever. However, Cnet reports that it most likely cost a lot less then that due to a clever transaction method called flash loans. Jeweller Tiffany & Co. also began selling CryptoPunk pendants in 2024. harold simmons cancer center dallasWebNov 1, 2024 · We covered this flash loan NFT purchase more expansively in a separate blog post . Even though the half a billion dollar purchase will remain the talk of town for some time, there are other CryptoPunk sales that stand out as well. The numbers 2, 3 and 4 on the list are all hoodie punks, adding value to the punks with the hoodie attribute. character index in java