A CryptoPunk non-fungible token (nft), which belongs to the rarest set in the collection, sold for more than $16 million in Ether (eth).
The latest sale is CryptoPunks' second-highest transaction after a record-breaking purchase in February 2022.
Alien Punk nft sold for 4,500 eth
On Monday, March 4, 2024, an anonymous buyer bought CryptoPunk #3100 for 4,500 eth, worth $16.03 million at the time of sale. The pixelated piece shows blue skin and a bandana.
According to the CryptoPunks platform, the buyer initially offered a bid of 4,250 eth but withdrew it on March 1. The bidder subsequently increased the offer to 4,500 eth on March 4, which was accepted by the seller.
CryptoPunk #3100 is one of nine Alien Punks in the CryptoPunks collection, which comprises 10,000 pieces, making Alien Punks the rarest and most expensive set.
In February 2022, Deepak Thapliyal, CEO of blockchain infrastructure company Chain, purchased CryptoPunk #5822, another Alien Punk, for 8,000 eth, valued at nearly $24 million at the time of purchase. The piece is currently CryptoPunks' highest seller.
There are currently two other Alien Punk NFTs for sale for 5,000 eth (valued at $17.97 million) and 5,500 eth (valued at $19.7 million).
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Created by Larva Labs in 2017, CryptoPunks is said to be one of the first nft collections on the ethereum blockchain. Bored Ape Yacht Club (BAYC) creator Yuga Labs purchased the collection's intellectual property in March 2022.
The total volume of all Punks traded, according to nft marketplace giant OpenSea, amounts to 1,223,620 eth, which is equivalent to $4.3 billion at the current eth price.
However, it is worth noting that since CryptoPunks have been traded with different values of eth over the years, this does not mean that the total value of all Punks traded amounts to $4.3 billion.
Data of nftpricefloor.com showed that the minimum price of a CryptoPunk nft is approximately 57 eth, with a 24-hour trading volume of 4,910.6 eth ($17.6 million) and a market cap of 569,900 eth ($2 billion). ), making it the leading nft collection.
Meanwhile, the big sell-off led a portion of the crypto community on
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