CryptoPunk Sold for $1.48 Million Despite NFT Market Slump

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by Giorgi Kostiuk

2 years ago

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  1. Transaction Details
  2. Other Significant CryptoPunk Sales
  3. Current NFT Market Situation


    4. A CryptoPunk from the Ape Punk collection sold for $1.48 million, despite ongoing struggles in the NFT market.

    Transaction Details

    According to CryptoPunks Bot, CryptoPunk 6915, one of the 24 rare Ape Punk, was acquired for 620 ETH (around $1.48 million) by an anonymous collector identified by “0x8bbccd.” The NFT is one of just 24 other Ape Punks issued on the Ethereum blockchain by Larva Labs. > Punk 6915 bought for 620 ETH ($1,480,870.00 USD) by 0x8bbccd from 0xe38ee2. #cryptopunks #ethereum [pic.twitter.com/YOT81UKI7n](https://t.co/YOT81UKI7n)

    Other Significant CryptoPunk Sales

    Data from Cryptoslam indicates that Punk 6915 was initially acquired for just 3.5 ETH ($2455) in late December 2017, marking a 59,390.10% profit in the recent transaction. The seller, identified as “0xe38ee2,” also sold CryptoPunk 9479 for 35 ETH (approximately $82,466.39) moments after the Ape Punk changed hands. CryptoPunk 9368, one of the 88 Zombie Punks, marked the second-highest sale for the collection on September 5, selling for 310 ETH ($734,179). Interestingly, the Punk has already received an offer for 1500 ETH, but the deal is yet to be closed. If the sale transpires, it would mark the highest CryptoPunk sale since March.

    Current NFT Market Situation

    Currently, CryptoPunks are the most valuable NFT collection with a 24-hour sales volume of around $1.68 million. However, the recent sales are far from the most valuable transactions for the apex collection. In March 2024, CryptoPunk 3100 was sold for $16.03 million, and CryptoPunk 7804 was sold for around $16.42 million just weeks later. These, however, pale in comparison to CryptoPunk 5822, which was sold for 8000 ETH ($23.7 million) in February 2022.

    The $1.48 million sale has sparked fresh optimism within the NFT community, despite the ongoing market challenges such as declining sales volumes and transaction numbers.

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