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.

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.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.