TL;DR
- CryptoPunk #3100 sold for $6 million in Ethereum, marking one of the most significant NFT deals of the year.
- The seller took a loss of nearly $10 million after buying the NFT in 2024 for $16 million, due to the drop in ETH’s price.
- Despite the sale, CryptoPunks has seen a sharp decline in value: its floor price has dropped 84% from the all-time high of $400,000 in 2021.
A CryptoPunks NFT sold this Thursday for $6 million in Ethereum, making it one of the most notable transactions of the year in the crypto market.
The piece in question is CryptoPunk #3100, one of only nine Alien Punks among the 10,000 pieces created in 2017. Unlike the rest, this NFT stands out for a unique accessory: a headband. The sale was completed through a private offer on the official marketplace, and according to reports, was brokered by the digital art firm Fountain.
Multimillion-Dollar Losses
The transaction represents a substantial loss for the seller, who had purchased the same asset in March 2024 for 4,500 ETH, equivalent to about $16 million at the time. The new buyer paid 4,000 ETH, which not only reflects a 500 ETH difference but also a net loss of nearly $10 million due to Ethereum’s price drop, which has fallen 57% over the past year.
While the buyer’s identity remains unknown, the wallet used was funded shortly before the deal from an address linked to Coinbase Prime. That same wallet has not shown any other on-chain activity so far. With this new acquisition, CryptoPunk #3100 enters the top sales leaderboard for the third time, adding to its previous sales of $7.58 million and $16.03 million.
CryptoPunks Has Lost 84% of Its Value
This sale is also the highest recorded on-chain since April 2024, when another Alien Punk, #7804, changed hands for over $16 million. These Alien variants are the most valuable in the series, even above the popular Zombies and Apes. In fact, Alien Punks account for the seven highest sales in the history of the collection.
Despite remaining a recognizable symbol in the NFT world, CryptoPunks has lost much of its market value. The current floor price is around $64,000, far below the all-time high of more than $400,000 reached in November 2021. The collection’s intellectual property has belonged to Yuga Labs since 2022, the same company behind Bored Ape Yacht Club.
