Someone Just Bought a CryptoPunks NFT for $16 Million in Ethereum

by Aric Feil

An nameless particular person bought a CryptoPunks NFT for over $16 million worth of cryptocurrency on Monday, within the second-ideal transaction for a CryptoPunk ever recorded.

For a whopping 4,500 ETH—worth $16.03 million at the time of sale—an Ethereum user whose identity has yet to be printed bought CryptoPunk #3100 merely after 9:30 am EST this morning. The user’s wallet changed into once created completely four days within the past, and worn completely to get the NFT.

CryptoPunk #3100 is one amongst completely 9 Alien Punks within the full 10,000-piece CryptoPunks sequence. Due to that rarity, Alien Punks personal garnered about a of the top bids ever recorded for parents CryptoPunks. The most costly CryptoPunk ever bought, #5822, changed into once an Alien Punk bought at the NFT market’s height in early 2022 for nearly about $24 million.

The nameless purchaser of CryptoPunk #3100 had been attempting to nab the coveted NFT for days. On Thursday, they submitted a mutter of 4,250 ETH, worth $14.78 million at the time, to the NFT’s then-owner. The king’s ransom changed into once apparently no longer adequate to seal the deal; on Friday, the actual person withdrew the mutter, in the end submitting the more beautiful 4,500 ETH provide this morning.

Punk 3100 bought for 4,500 ETH ($16,032,959.47 USD) by 0x705876 from 0x7b8961. #cryptopunks #ethereum

— CryptoPunks Bot (@cryptopunksbot) March 4, 2024

On Twitter, crypto customers heralded the look-popping personal as an unambiguous mark that the bull market had returned.

The encouraging mark of crypto’s doable return to the absurd highs of the 2021/2022 bull dart comes days after final week’s stupendous Bitcoin rally, which seen the realm’s top cryptocurrency repeatedly climb hundreds of dollars in worth day after day, and bolstered a mood of delirious optimism amongst crypto enthusiasts. That momentum also pushed Ethereum above $3,500 for the major time for the reason that beginning of 2022.

Whereas CryptoPunk #3100 is the second-most costly profile picture (PFP) NFT ever bought, after its Alien brother CryptoPunk #5822, neither approaches the worth label of the one most costly NFT ever bought, a digital artwork by digital artist Mike “Beeple” Winkelmann. That piece, “Everydays: The First 5,000 Days,” bought for an ancient $69.3 million at a Christie’s auction in March 2021.

Within the originate created by Larva Labs in 2017 and acquired by Bored Ape Yacht Membership creator in 2022, CryptoPunks is an influential sequence that impressed the later surge in NFT profile photos. The sequence has yielded over $2.75 billion worth of shopping and selling volume thus a long way following a free mint, with prices currently beginning above $200,000 worth of ETH.

Edited by Andrew Hayward

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