- Coinbase.eth supposedly buys UPONLY NFT for $25M USDC.
- No official confirmation from Coinbase or Cobie.
- Speculation surrounds market impact and actual transaction claims.
The reported $25M USDC purchase of the UPONLY NFT by “Coinbase.eth” remains unverified, lacking confirmation from primary sources like Coinbase, Cobie, or official channels. No on-chain evidence or statements support this transaction claim as of October 21, 2025.
The unverified acquisition if true, highlights the potential resurgence of NFTs in the digital economy and Coinbase’s institutional interest.
Unverified $25M NFT Acquisition
The claim of Coinbase.eth purchasing an NFT from Cobie for $25M USDC remains unverified. The absence of official confirmation from Coinbase and Cobie leaves this alleged transaction in speculation. Historical precedents of large NFT trades leading to market surges create speculative interest. No direct evidence or statements from industry leaders supports the $25M USDC purchase claim. Coinbase continues promoting NFTs, but no official wallet activity affirms this alleged transaction.
Impact on Cryptocurrency Markets
Initial excitement surrounding the claim has not led to notable shifts in ETH, USDC, or related NFT assets. Without official confirmation, the purported transaction’s impact on assets remains speculative. The lack of primary sources or on-chain data verification limits insights into potential financial and technological outcomes. If confirmed, large NFT transactions historically impact market sentiment, but no current data supports this specific claim. “Coinbase continues supporting hundreds of assets and promotes NFT activity, but no mention of a record NFT transaction is made.”
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