A CryptoPunk non-fungible token (NFT)Â 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.Â
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.
