Ethereum’s CryptoPunks NFT sells for$ 6 million despite losing$ 10 million.

On Thursday, a CryptoPunks user sold their NFT for$ 6 million price of Ethereum, resulting in a$ 10 million loss. &nbsp,

One of the nine Alien Punks in the 10, 000-piece set and the only one with a hat, CryptoPunk# 3100, sold for 4, 000 ETH or roughly$ 6, 076, 840 at present prices through a private present on the CryptoPunks market. According to the alleged broker, Fountain brokered the offer. &nbsp,

The private owner had originally sold the# 3100 for 4, 500 ETH, or roughly$ 16 million at the time, making it the second largest ever on-chain price of a CryptoPunks NFT.

Given how much ETH has lost over the past year, the loss has now equated to a net loss of about$ 10 million on the asset. According to data from CoinGecko, the price of Ethereum has decreased by 57 % over the past year.

The buying budget funded its consideration early on Thursday evening with 4, 001 ETH from an consideration that Etherscan calls” Coinbase Prime 2,” despite the buyer and seller not being identified. At this time, the bag hasn’t performed any additional on-chain actions. &nbsp,

After selling for$ 7.58 million and$ 16.03 million, CryptoPunk# 3100 has now topped the CryptoPunks marketplace’s top sales ranking three consecutive times. The largest on-chain CryptoPunk sales since April 25, 2024, is today’s. &nbsp,

The second-largest on-chain CryptoPunks selling ever took place on that day, when Punk #7804, an Alien with a cover, colors, and pipe, sold for$ 16.42 million.

Outnumbering Zombies and Apes, which are both found on 88 and 24 Hooligans, are the most uncommon “type” of Punks, making them the most uncommon. The seven highest on-chain Rock revenue, including the highest ever, were made up of Aliens when Punk# 5822 sold for$ 23.75 million in February 2022. &nbsp,

The stock’s financial achievement has been less than desirable for owners, despite CryptoPunks continuing to be the best profile image NFT collection. NFT Price Floor reports that the collection’s floor price, or the lowest value of an asset listed on the market, has dropped 44 % in the last 90 days to$ 64, 727. &nbsp,

The collection, which was started by Larva Labs in 2017, had an all-time high floor of more than$ 400,000 in November 2021 prior to being established in 2017. In 2022, Yuga Labs, the father of Bored Ape Yacht Club, sold the IP.

edited by Andrew Hayward