tl;dr
Despite a downturn in Ethereum's market, a CryptoPunks NFT was purchased for over $16 million worth of ETH, making it the second-largest CryptoPunks sale ever. The sale comes just weeks after another NFT in the collection was sold for $16.03 million. The seller of the NFT expressed regret for not el...
Despite a downturn in Ethereum's market, a CryptoPunks NFT was purchased for over $16 million worth of ETH, making it the second-largest CryptoPunks sale ever. The sale comes just weeks after another NFT in the collection was sold for $16.03 million. The seller of the NFT expressed regret for not elevating its profile during their ownership. This purchase now ranks as the fifth most expensive NFT sale of all time, and the CryptoPunks collection has set the standard for tokenized profile pictures, with even the cheapest NFT listed at $177,000.
Ethereum is down this week despite recently setting its highest price in over two years, but the market lull didn’t stop someone from spending big on Wednesday: A CryptoPunks NFT was just purchased for more than $16 million worth of ETH. Punk #7804, one of just nine Alien Punks in the influential Ethereum NFT collection, traded hands for 4,850 ETH on Wednesday afternoon, or $16.42 million at the time of the sale. That makes it the second-largest CryptoPunks sale ever whether measured in ETH and USD. The sale comes just weeks after another Alien Punk (#3100) sold for 4,500 ETH, which was worth $16.03 million worth at the time of the transaction on March 3. As with that purchase, the buyer of this latest Punk has yet to be publicly identified. The Ethereum wallet used for the purchase was funded for the first time Wednesday via Coinbase.
However, the seller of Punk #7804—who purchased it in 2021 for 4,200 ETH, or $7.57 million at the time—posted a message on Twitter, lamenting that they did not “elevate” the profile of that particular Punk during their time holding it. The top CryptoPunks sale of all time happened in February 2022, when a crypto startup CEO purchased another Alien Punk (#5822) for 8,000 ETH, or $23.7 million. Today’s purchase now ranks as the fifth most expensive NFT sale of all time. The record is still held by Mike “Beeple” Winkleman, whose digital artwork collage “Everydays: The First 5000 Days” grabbed international headlines when it was auctioned for $69.3 million by Christie’s in March 2021.
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