Here’s Why a CryptoPunk Sold for $530M

Here’s Why a CryptoPunk Sold for 0M
Crypto Twitter was briefly set ablaze Thursday night as a CryptoPunk non-fungible token (NFT) was purchased for a staggering half-billion dollars – a figure that would have made the sale one of the largest ever not just in NFT-land, but in all of art history.However, on-chain analysts were quick to point out that the sale may have just been an elaborate publicity stunt.A Twitter bot that tracks the sales of CryptoPunks first flagged the transaction shortly before 8 p.m. ET. If real, the 124,457.07 ETH sale worth over $530 million would have easily eclipsed the 4,200 ETH sale of an…