On Saturday, all records were broken in the NFT space as CryptoPunk #5822 sold for an incredible 8,000 ETH, or $23.7 million, at the time of purchase.
The buyer was Deepak Thapliyal – the CEO of blockchain infrastructure firm Chain – who used leverage via DeFi protocol Compound Finance to fund the record-breaking purchase of the ‘Alien’ Punk.
Thapliyal took to Twitter following the purchase to thank Compound founder Robert Leshner – who also recently acquired an ‘Ape’ punk for $7.7m – for Compound’s role in the purchase, saying “Thanks to @CompoundFinance I am able to still HODL #ETH while buying this. Basically Long’d ETH to punk-in”.
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