NFT investor accidentally burns $135K CryptoPunk trying to borrow money By Cointelegraph

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A nonfungible token (NFT) from the CryptoPunks collection worth 77 Ether (ETH) was sent to a burn address to be permanently destroyed. However, the collector intended to borrow some money against it to buy another NFT.

NFT collector Brandon Riley added CryptoPunk #685 to his collection on March 13 by paying 77 ETH, hoping to hold it for the long term.

Trading history of CryptoPunk $#685. Source: dappradar.com
NFT wash trading volume, January 2022–February 2023. Source: CoinGecko, Footprint Analytics