The NFT market may be struggling at the moment, but the real collectors are using these moments to buy their favorite art cheaply. This does not necessarily mean that all NFTs are cheap at the moment. A few hours ago, Punk 2924 went under the virtual hammer for 3,300 Etherem or about $4.5 million.
The most expensive of all time?
Incidentally, this sale is not the most expensive NFT sale of all time. Measured in Ethereum, it is the fourth largest sale within the CryptoPunks collection. Measured in US dollars, the sale of $ 4.5 million is even a bit lower on the list. The most expensive CryptoPunk in US dollars has been sold for 23.7 million dollars. This concerns CryptoPunk number 5822, which yielded 8,000 Ethereum at the time.
The next CryptoPunk we come across is number 7523, which went under the hammer for $11.8 million. This NFT was bought by Shalom Meckenzie, the largest shareholder of DraftKings, a sports betting company. “I really wanted to have this CryptoPunk specifically. This one is part of the alien collection, which is the rarest form of Punks. In addition, this alien is the only one who has a mask, which to me symbolizes COVID-19.
Striking price increase
It is striking that CryptoPunk number 2924, which has now been sold for $ 4.5 million, was sold for 150 Ethereum or $ 71,400 in November 2020. What makes this CryptoPunk special is that it is 1 of 24 monkeys in the collection, which contains a total of 10,000 different images. Rarity Tools rate this CryptoPunk as the number 38 when it comes to rarity.
CryptoPunks is one of the most valuable and influential NFT brands in the world. It influenced the later Bored Ape Yacht Club and Doodles. To this day, the CryptoPunks have generated a total trading volume of $2.4 billion. That’s pretty nice for a collection of 10,000 digital images.