On April 25, the third major sale in two months took place of one of the rarest non-fungible tokens (NFTs) from the popular CryptoPunks collection. The transaction amount was $12.5 million.
An anonymous collector purchased CryptoPunk #635 on Thursday for 4,000 Ethereum (ETH) through crypto broker Fountain.
Crypto traders are hunting for punk aliens
CryptoPunk #635 is one of 10,000 8-bit digital art featuring punks featured in the NFT collection of the same name. It was previously owned by Larva Labs, which bought the token for 4,250 ETH (about $17 million) at a Christie's auction in May 2021.
CryptoPunk #635. Source: X
In early March, another anonymous crypto trader bought the rare punk alien CryptoPunk #3100 for 4,500 ETH (over $16 million). This marked the second-largest NFT sale from the collection.
A few weeks ago another major deal took place. Then an unknown collector purchased CryptoPunk #7804 for $16.42 million in ETH.
Such a huge cost of these tokens is explained by the fact that there are only nine pieces of art with alien punks on the market. That is why traders are ready to spend any amount to purchase such NFTs.
However, the largest sale of CryptoPunks to this day is considered to be a transaction from 2022. Then the CEO of the startup of the same name acquired the alien punk number 5822 for 8,000 ETH, which at that time was estimated at approximately $23.7 million.
CryptoPunks leads in sales volume
Despite CryptoPunks' high-profile sales, the NFT collection has experienced a significant decline since its inception in 2021. The minimum price for such tokens peaked in October of that year at 113 ETH ($408 thousand). Since then, the figure has dropped to 36 ETH ($117 thousand).
Minimum price for tokens from the CryptoPunks NFT collection. Source: NFT Floor
According to CryptoSlam!over the past 24 hours, CryptoPunks' total sales volume has increased by more than 3,000% to $12.6 million. With the latest major transaction, the NFT collection tops the list of the most popular non-fungible tokens in the sector.
Rating of NFT collections by sales volume over the past 24 hours. Source: CryptoSlam!
Source: Cryptocurrency
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