A claim of a $25 million USDC purchase of the UPONLY NFT by Coinbase.eth remains unconfirmed, prompting speculation regarding its potential impact on the cryptocurrency market. Despite this claim, neither Coinbase nor Cobie has officially confirmed this transaction. There is currently no official confirmation from any source, including primary sources such as Coinbase or Cobie, and there’s no direct evidence supporting this alleged transaction. 8. While large NFT purchases have historically impacted crypto markets, this specific purchase needs further verification before its market impact can be determined. The lack of on-chain data or statements from industry leaders makes the potential financial and technological ramifications of this transaction uncertain. While Coinbase continues to support various assets and promote NFT activity, they haven’t made any official statements about a record-breaking NFT transaction.