An anonymous smart contract developer, @0xQuit, posted on X that CryptoPunk #2386 was acquired for 10 ETH by a user using a "shotgun" method. The NFT is currently listed for 600 ETH (approximately $1.42 million). Previously, the NFT owner had fragmented it through a website called Niftex, splitting ownership into 10,000 ERC-20 tokens in 2020, allowing investors to buy and sell individual fragments of the NFT. While the website is now closed, the contract remains active on-chain, triggering a buyout function that ultimately enabled the user to acquire full ownership of the NFT at a fraction of its current value. @0xQuit wrote, "The setup was such that any holder could make a 'shotgun' acquisition offer, meaning any holder could propose a buy price and if no one objected, they could buy the asset after 14 days," adding that the unnamed individual executed this action on August 28th. (Decrypt)