@0XQuit posted on X that CryptoPunk with a market capitalization of $1.50 million #2386 was acquired for 10ETH (just over $23,000). @0XQuit wrote on the X: The setup is such that any shareholder can make a "shotgun style" takeover offer, i.e. any shareholder can make a takeover price, and if no one objects, they can buy the asset after 14 days.
It is reported that CryptoPunk #2386 Its owners are distributing Punk through Niftex in 2020. #2386 was cut into 10,000 ERC-20 tokens. However, with the disappearance of the Niftex platform, it became difficult to trade fragmented NFTs. But since the smart contracts were still valid on the blockchain, they were able to trigger a buyout function. The mysterious buyer discovered this loophole and launched a "shotgun-style" takeover offer on August 28, bidding 0.001 ETH per share, which is a total of 10 ETH for all 10,000 shares.
Punk#Gmoney, one of 2386's shareholders, a pseudonymous NFT investor and 9dcc founder, said he tried to block the purchase (again using smart contracts directly), but failed because he miscalculated the amount to bid. Ultimately CryptoPunk #2386 was acquired for $23,000.
CryptoPunk with a Market Cap of $1.50 million #2386 was acquired for $23,000
2024-09-12 02:24:33
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