CryptoPunk Sells for $16.42 Million in Record Transaction
On March 20, a significant transaction took place in the world of CryptoPunks, with one particular piece, CryptoPunk #7804, fetching a staggering 4,850 ETH, equivalent to $16.42 million.
This sale marks a notable milestone within the realm of non-fungible tokens (NFTs).
CryptoPunk #7804 holds a special status as one of only nine “AlienPunks” among the expansive collection of 10,000 NFTs.
Surpassing the previous notable sale of CryptoPunk #3100 on March 4, which went for 4,500 ETH ($16.03 million), CryptoPunk #7804 now holds the title for the second-highest sale of a CryptoPunk this month.
The record for the highest CryptoPunk sale to date still stands with CryptoPunk #5822, which commanded a price of 8,000 ETH, valued at $23.7 million, on February 12, 2022.
READ MORE: Navigating Altcoin Opportunities Amid Market Turbulence
Data from The Block’s Data Dashboard reveals substantial trading activity surrounding CryptoPunks, with $7.03 million in trade volume recorded between March 10 and March 16, along with $25.52 million in sales during the preceding week.
It’s important to note that CryptoPunks, along with the well-known NFT collection Bored Ape Yacht Club, is under the ownership of Yuga Labs. Originally conceived by Larva Labs, Yuga Labs acquired the rights to CryptoPunks in March 2022, solidifying its position in the NFT space.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
