CryptoPunk #3831 Shards

A CryptoPunk non-fungible token (NFT)  was sold for a whopping price of $56 million on Thursday. Market observers noted the price was above the highest amount of any CryptoPunk sold before.The buyer used a 24,000 Ether flash loan to purchase the Punk 1563 NFT token. At the time of writing, the price of ETH is $56.2 million. Although this news grabbed the attention of many, several crypto analysts expressed that the sale could be fake, whereas, in reality, it could be a marketing strategy for the launch of a meme coin.Earlier in 2021, a similar CryptoPunk was sold for $532 million. Traders use flash loans to manipulate the price of <a href="https://cryptotale.org/trump-unveils-new-nft-collection-amid-2024-campaign-push/" rel="noopener noreferrer nofollow">NFT</a>. These kinds of deals are not true ‘trade’, but rather are simple schemes to pump the price and interest around an asset.Interestingly, the sale is presumed to be linked to a new meme coin - <a href="https://cryptotale.org/kamala-harris-to-position-the-u-s-as-a-blockchain-leader/" rel="noopener noreferrer nofollow">Kamala Harris</a> Punk. Several crypto analysts stated that the sales could be a publicity stunt for the launch of the coin. Notably, the coin would be sold after one week of presale to anyone who can beat its price.<a href="https://cryptotale.org/record-56m-cryptopunk-sale-publicity-stunt-or-real/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Record $56M CryptoPunk Sale: Publicity Stunt or Real?

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