CryptoPunk #7252 sold on August 24 for a whopping $5.3 million.- It is now the most valuable Zombie CryptoPunk and the fourth
most valuable CryptoPunk overall. - The seller behind the transaction got back more than double what he originally paid for CryptoPunk #7252.
And today, on August 24, one Zombie CryptoPunk sold for 1,600 Ether (ETH), which comes up to a massive $5.3 million. The CryptoPunk, officially dubbed #7252, is now the fourth most valuable CryptoPunk on the market and the highest ranking in the Zombie category.
The $4 behind the transaction got back more than double what he originally paid for $4 — $2.5 million.
Source: CryptoSlam (Data as of August 24, 5:00pm IST)
CryptoPunks are the OGs of the NFT world. It wasn’t the first-ever NFT project, as commonly believed, but it is among the few that have survived since the days of yore. There are only 10,000 CryptoPunks out there. They were generated and claimed by users for free when the project originally launched back in 2017.
The community around buying and selling these NFTs also remained fairly small. That is, until recently. Purchases by YouTubers like Logan Paul, musicians Steve Aoki and Jay-Z, entrepreneur Gary Vee and others have pulled CryptoPunks into the limelight.
The most recent bigwig player to jump into the CryptoPunks ring isn’t an individual, but the credit card Behemoth, Visa. It bought $4 for around $150,000 on August 18.
According to the company, the purchase is symbolic of it “jumping in feet first '' to help its clients understand the space better.
In May, earlier this year, Christie's auctioned off a set of nine CryptoPunk NFTs for nearly $17 million — almost $4
There was a bit of a slump in June but the NFT space recovered to record highs last month as the broader crypto market recovered. Eight of the ten biggest sales of the week to August 1 were part of the CryptoPunks collection.
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