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Melania Trump's NFT was sold for $170,000 to....herself.

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by COINS NEWS 196 Views

The address (aka address #1) that minted the NFT sent 473,657.64 USDC to an intermediary address (#2). The intermediary address swaps some of that USDC for 1,816.08 SOL. Then Address #2 sends 1800 SOL to a 3rd address.

The third address makes a bid and wins the NFT for 1800 SOL. That 1800 SOL goes to address #1 (the one that minted the NFT). Then address #1 sends the 1800 to the intermediary Address #2. The intermediary address swaps the 1800 SOL to USDC.

Blockchains, amirite?

Credit to user @zachxbt on twitter did the digging here.

Here it is on the solana explorer: https://explorer.solana.com/address/JB21HTccXiiyZUYpdWxoy1nSu6zbMBVKBQz1if85d7ud

Here is an article on it: https://www.vice.com/en/article/m7vpx8/analyzing-the-very-bizarre-sale-of-melania-trumps-dollar170000-nft

submitted by /u/herereadthis
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