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”.
Singapore, Singapore, 19th September 2024, Chainwire
Grand Cayman, Cayman Islands, 12th September 2024, Chainwire
Warsaw, Poland, 20th August 2024, Chainwire
Singapore, Singapore, 20th August 2024, Chainwire
Grand Cayman, Cayman Islands, 26th July 2024, Chainwire
As usual, the crypto market is keeping everyone guessing what could happen next. After an…