Zombie CryptoPunk sells for over $5 million to become the fourth most valuable CryptoPunk NFT on the market
- 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.
AdvertisementThe CryptoPunks — a collection of non-fungible tokens (NFTs) from the beginning of time, which in the case of the crypto world is 2017 — has been ballooning in value over the last one month. It raked in over $100 million in sales volume over the last 24 hours, according to Larva Labs, the powerhouse behind CryptoPunks.
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 seller behind the transaction got back more than double what he originally paid for NFT — $2.5 million.
Five most valuable CryptoPunks
|CryptoPunk 3100||$7.68 million||Alien|
|CryptoPunk 7804||$7.68 million||Alien|
|CryptoPunk 5217||$5.47 million||Ape|
|CryptoPunk 7252||$5.34 million||Zombie|
|CryptoPunk 2338||$4.38 million||Zombie|
Source: CryptoSlam (Data as of August 24, 5:00pm IST)
CryptoPunks are living it up amid the NFT hype
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 CryptoPunk #7610 for around $150,000 on August 18.
Over the last 60 years, Visa has built a collection of historic commerce artifacts - from early paper credit cards… https://t.co/AIDkyZSusr— VisaNews (@VisaNews) 1629712800000
According to the company, the purchase is symbolic of it “jumping in feet first '' to help its clients understand the space better.
What began as an early experiment has quickly become a cultural icon for the crypto community.
In May, earlier this year, Christie's auctioned off a set of nine CryptoPunk NFTs for nearly $17 million — almost double their expected value.
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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