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Trader’s acquisition of $1.5M CryptoPunk for $23K raises eyebrows

A trader acquires a rare Ape-themed CryptoPunk valued at $1.5M for just 10 ETH using a smart contract mechanism that allows a shotgun buyout.

38 /100
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Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Trader’s acquisition of $1.5M CryptoPunk for $23K raises eyebrows

A trader acquires a rare Ape-themed CryptoPunk valued at $1.5M for just 10 ETH using a smart contract mechanism that allows a shotgun buyout.

Why this matters

This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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