Investor sells CryptoPunk NFT for $6M absorbing a $10M loss

A uncommon cryptopunk NFT bought only for $ 6 million with a shocking lack of $ 10 million amidst the continual slide in NFT costs.

Cryptopunk #3100, considered one of solely 9 alien punks within the authentic 10,000-part assortment, was bought for 4,000 Ethereum (ETH), value round $ 6.07 million on the time of sale, in line with a transaction of 10 April by Arkham on X.

When the NFT was first bought by the nameless vendor in March 2024, this was the third largest cryptopunk transaction at the moment, which value 4,500 ETH, or about $ 16 million. However with the worth of Ethereum up to now 12 months round 56%, the five hundred ETH lack of the vendor modified in a internet hit of $ 10 million in {dollars}.

Cryptopunk #3100 is now on the prime of the perfect gross sales board for cryptopunks, which beforehand bought for $ 7.58 million and $ 16.03 million. Even supposing cryptopunks stay the highest assortment of the perfect profile photograph, the monetary efficiency has taken a success.

The ground value of the gathering fell by 67% in comparison with the all instances of 125 ETH in 2021, now a median of 42.5 ETH, in line with the Coingecko knowledge. At the moment, ETH traded at round $ 3,500 and the ground value positioned above $ 400,000 in comparison with solely $ 65,900 on the time of the press.

Whereas the recognition and asset costs of NFTs proceed to fall, the trade has undergone appreciable strain. In Q1 2025, the commerce quantity from NFT decreased to $ 1.5 billion, a lower of 24% in comparison with This autumn 2024, in line with the Q1 of Dapradar report.

Regardless of solely a slight lower in industrial exercise, the steep lower within the quantity of much less excessive -quality transactions as a substitute of a lower in customers signifies. Cryptopunks nonetheless recommends a major share of the market, making it 23% of the worldwide NFT market capitalization of $ 2.7 billion.