---
title: "Trader’s acquisition of $1.5M CryptoPunk for $23K raises eyebrows"
url: https://diffcoin.com/traders-acquisition-of-1-5m-cryptopunk-for-23k-raises-eyebrows/
description: "A trader acquires a rare Ape-themed CryptoPunk valued at $1.5M for just 10 ETH using a smart contract mechanism that allows a shotgun buyout. Source link"
published: 2024-09-12
updated: 2024-09-12
author: "Mila"
site: "Diffcoin"
---

# Trader’s acquisition of $1.5M CryptoPunk for $23K raises eyebrows

A trader acquires a rare Ape-themed CryptoPunk valued at $1.5M for just 10 ETH using a smart contract mechanism that allows a shotgun buyout.

[Source link](https://cointelegraph.com/news/cryptopunk-acquired-10-eth?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)