A rare NFT CryptoPunk just sold for $2.6 million

 184 total views

2022-07-19 19:06:44

In the midst of the NFT market and the cryptocurrency market sinking into a recession, an NFT transaction on July 12 caused a sensation with the value of up to 2500 ETH (equivalent to $ 2.6 million).

This is the latest record-breaking deal in CryptoPunk’s recent resurgence in the last three months and has made it the fifth-largest NFT trading event in the collection’s history. According to data from analytics platform Rarity.Tools, this NFT has number 4464, features the CryptoPunk collection’s signature image, and is 32nd rarity in the 10,000 edition collection. Based on the estimated market value of CryptoPunk #4464, the value of this transaction is in line with the market and is not inflated. Because according to NFT DeepNFTValue’s price estimator, #4464 had a collected value of 2595 ETH (about $2.7 million) at the time of sale, only a 4% difference from NFT’s final price. . The buyer is nicknamed the “zoomc” NFT whale, whose collection currently includes 24 NFT CryptoPunks and 113 Meebits.

Information about the transaction was posted on Twitter

On the other hand, CryptoPunk #4464 is not the only eye-catching name in the collection on the evening of July 12. CryptoPunk #9280, another special edition, received a bid of $2.6 million in two hours after CryptoPunk #4464’s bid was accepted. However, the deal for CryptoPunk #9280 is not closed yet.

To date, the most expensive CryptoPunk NFT ever sold belongs to CryptoPunk #9998 for 532 million USD in October 2021, the event that caused much controversy from the community due to transparency in trading. And for this very reason, CryptoPunk #5822 sold for 8,000 ETH, or $23.7 million, climbed to the top, becoming the most valuable NFT in CryptoPunk history.

See also: NFT transaction goes down in history with a value of 23.7 million

In the context that the cryptocurrency economy in general and the NFT market in particular are in recession, this event is the center of attention in the world. Many commentators believe that this is a testament to the fact that the NFT sector is still standing and continues to assert its own value in difficult times like the present.

The Cryptopunks has become one of the most popular NFT projects in the cryptocurrency market, hitting the $1 billion revenue milestone just behind Axie Infinity. In late August 2021, payment giant Visa suddenly spent 150,000 USD to buy NFT CryptoPunk, helping 90 NFT Punks to be sold in 1 hour after the information was released.

In general, the exciting auctions have returned to CryptoPunks in the context of the project’s NFT floor price continuously falling, sometimes more than 50% in just one month when the market fell into crisis. The reason for the revival of CryptoPunk can come from the representative leading the new brand of the project, Yuga Labs – the company that develops the Bored Ape Yacht Club (BAYC) and Apecoin (APE) collection. In March 2022, Yuga Labs acquired both CryptoPunks and Meebits from Larva Labs.

#rare #NFT #CryptoPunk #sold #million

Related Posts

Leave a Reply

Your email address will not be published.

Close Bitnami banner