CryptoPunk #2386, which was priced at 600 ETH, was bought by a user in a "shotgun" manner for 10 ETH

Anonymous smart contract developer @0xQuit published a post on X that CryptoPunk #2386 was purchased by a user using a "shotgun" method for 10 ETH. The current highest bid for the NFT is 600 ETH (about $1.42 million). Previously, the NFT owner split it through a website called Niftex, and its ownership was divided into 10,000 ERC-20 tokens in 2020, allowing investors to buy and sell individual fragmented NFTs. Although the website has been closed, the contract is still valid on the chain, triggering the buyout function, and the user eventually obtained ownership of the NFT at a fraction of its current value. “The setup is such that any holder can make a ‘shotgun’ offer, meaning any holder can propose a price and if no one objects, they can buy the asset 14 days later,” @0XQuit wrote, adding that the unnamed individual did so on August 28. (Decrypt)