CryptoPunks NFT Fetches Millions: Punk #7804 Sold for Over $16M in ETH

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CryptoPunks NFT Fetches Millions: Punk #7804 Sold for Over $16M in ETH
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The once-hot NFTs witnessed a significant downturn during the crypto winter. But this sector again appears to have bounced back following the widespread rebound of digital assets.

One of nine Alien Punks was sold for 4,850 ETH – the second-largest CryptoPunks sale ever – just days after a similar recent transaction of Alien Punk #3100.hands for a staggering 4,850 ETH on March 20th. This is equivalent to approximately $16.42 million at the time of the sale and marks the second-largest transaction in CryptoPunks history, both in terms of ETH and USD.4,500 ETH, valued at $16.03 million, earlier this month.

“End of an era. I’ve long since felt like an imposter. Holding punks, and potentially NFTs a whole hostage by not elevating 7804 in the way he deserves. After over a year of looking around I feel I’ve found the right buyer with the right vision to appropriately elevate this asset.”CryptoPunks was launched in June 2017 by the Larva Labs studio. The right to the NFT collection was later acquired by Yuga Labs, the creators behind the popular Bored Ape Yacht Club project, for an undisclosed sum.

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