CryptoPunks records another $16M NFT sale in March
Blue-chip intangible token (NFT) collection CryptoPunks saw another record-breaking sale in March, with one more rare foreign coin selling for around $16 million in Ether (ETH).
On March 20, CryptoPunk #7804 was bought for 4,850 ETH, which is $16.4 million at the time of sale. The NFT sale claimed the second-highest selling price for CryptoPunk and followed another high-profile NFT sale in early March.
On March 4th, CryptoPunk #3100 was sold for 4,500 ETH, which was nearly $16 million at the time of the sale, making it the third largest CryptoPunk sale after the recent sale of #7804 Punk.
CryptoPunk #7804 is one of 10,000 NFTs in the collection. However, the price comes from the rarity of the features.
A character in NFT has a cap forward of only 254 CryptoPunks. Only 317 of the NFTs have Pipe and Small Shadows shared by only 378 CryptoPunks. However, what makes the digital asset rare is that it is one of the nine Alien CryptoPunks.
Perugia, NFT seller, posted on X to express thoughts about the sale. CryptoPunk's seller described the sale as “the end of an era” and admitted that he felt like a fraud, holding NFTs and not raising the stake as much as it should have.
Perugia bought CryptoPunk in March 2021 for 4,200 ETH, which is $7.5 million in sales. The NFT trader is close to $18 million by 2022, but it has been around for more than three years.
The transaction held the record for the second largest CryptoPunk sale before the two $16 million sales this month.
Members of the community praised the sale, with many congratulating the seller and offering words of thanks for owning the NFT asset.
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CryptoPunk's #7804 sale made the NFT collection's sales volume higher than other popular NFT weekly sales such as NodeMonkeys and Mad Lads. According to NFT data tracker CryptoSlam, CryptoPunks recorded $21.5 million in sales over the past seven days.
With massive NFT sales happening across multiple blockchains, transaction volume for NFTs began to skyrocket. Over the past 30 days, NFTs have recorded $1.5 billion in sales across multiple blockchain networks.
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