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An NFT from the CryptoPunks collection was purchased for $17 million

NFT: An NFT from the CryptoPunks collection was purchased for $17 million

On March 20, 2024, an NFT belonging to the CryptoPunks series was successfully sold for an impressive sum of 4,850 ETH, which is equivalent to $17 million in cash equivalent.

This particular NFT belongs to the AlienPunks series and is designated under the number 7804. The recent acquisition was the second largest deal in the aforementioned collection. The previous owner purchased the token in 2021 for 4,200 ETH, which was worth $7.57 million at the time of the initial purchase.

The buyer of #NFT has not been disclosed at this time. The Ethereum wallet associated with the transaction was originally funded on March 20, 2024 through the well-known cryptocurrency exchange Coinbase.

The token's former owner expressed disappointment with the growth rate of Punk #7804 since its acquisition. Despite holding NFT for a long period of time, the expected price increase did not happen as expected. Nevertheless, the user managed to make a profit of 650 ETH ($2.3 million) from the deal, albeit after a year of searching for a suitable buyer.

In March 2024, the second NFT in the CryptoPunks collection was sold. In the previous deal this month, token #3100 was exchanged for 4,500 ETH, valued at about $16 million in the sale.

AlienPunk #7804 is now the second most valuable among all NFTs in the said collection, with token #5822 taking the top spot. The latter was sold in February 2022 for 8,000 ETH, which was worth $23.7 million at the time of the exchange.

In addition, the sale of AlienPunk #7804 secured the fifth place in the hierarchy of the most expensive NFT acquisitions in the history of the industry. Topping the list is Mike Winkleman's digital masterpiece Everydays: The First 5,000 Days, which went for $69.3 million in March 2021.

It should be noted that recently an unknown trader carelessly burned an NFT from the #CryptoPunks collection, as a result of which he lost 130 thousand dollars.

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