Cryptocurrency News

CryptoPunk Sold for $16 Million

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Someone Bought A Cryptopunk For $16M

With bitcoin nearing its all-time high, eye-watering NFT sales appear to be cropping back up. A CryptoPunk just sold for 4,500 ether, worth over $16 million at current prices.

That’s the second largest sale ever for the blue-chip NFT collection, trailing only a $23.7 million CryptoPunk purchase made in Feb. 2022.

CryptoPunk 3100, the one that sold Monday morning, sold for $2,127 in 2017 before changing hands again for $7.58 million in 2021.

Read more: Got your eye on a CryptoPunk? It might be time to buy one

There are 10,000 unique CryptoPunks. Each punk has randomly generated attributes, like differing glasses or hairstyles. Punk 3100 is one of nine so-called alien punks that have blueish skin. The rareness of this attribute has made alien punks the most sought-after CryptoPunks.

Two other alien punks are currently on sale for $17.8 and $19.6 million.

CryptoPunks were minted in 2017 by Larva Labs, which then sold the intellectual property to Yuga Labs, developer of the Bored Apes NFT collection, in 2022.

Many crypto X users responded to the purchase of CryptoPunk 3100 as a sign that the “bull market” has returned.

Read more: Yuga Labs’ intensifying IP takedowns spur CryptoPunk backlash

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