Someone bought a CryptoPunks NFT for $16 million in Ethereum.

An anonymous individual bought over $16 million worth of CryptoPunks NFTs on Monday, making it CryptoPunk's second largest transaction to date.

At the time of the sale, it was purchased for 4,500 ETH—an as-yet-unidentified Ethereum user—worth $16.03 million. Cryptopunk #3100 Just after 9:30 am EST this morning. of the user Wallet It was only created four days ago, and was only used to buy NFT.

Cryptopunk #3100 is one of nine Alien Punks in a 10,000-piece set. CryptoPunks collection. Because of that rarity, Alien Punks have garnered some of the highest bids ever recorded for individual CryptoPunks. The most expensive CryptoPunk ever sold is Alien Punk #5822, which was bought at the peak of the NFT market in early 2022. About 24 million dollars.

An anonymous buyer of CryptoPunk #3100 has been trying out the coveted NFT for days. On Thursday, they bid $14.78 million for the NFT owner at the time, worth 4,250 ETH. The king's ransom was not enough to seal the deal. On Friday, the individual stopped bidding and eventually made the best bid of 4,500 ETH this morning.

Crypto users on Twitter heralded the eye-popping buying as an unequivocal sign that the bull market is back.

An encouraging sign of the 2021/2022 bull run returning to absurdly high crypto potential comes after last week's spectacular Bitcoin rally that saw the world's top cryptocurrency steadily increase in value by thousands of dollars. Day by dayand strengthened the feeling Disappointing Among crypto enthusiasts. That momentum pushed Ethereum Over $3,500 For the first time since the beginning of 2022.

While CryptoPunk #3100 is the second-most expensive profile picture (PFP) ever sold, after its alien sibling CryptoPunk #5822, it doesn't even come close to the most expensive NFT price tag. Never sold, a fantasy artwork created by digital artist Mike “Beeple” Winkleman. That piece, “Everyday: The First 5,000 Days” sold at Christie's in March 2021 for a historic $69.3 million.

First in the year Created by Larva Labs in 2017 and acquired by the creator of Board Up Yacht Club in 2022, CryptoPunks is an influential collective that inspired the latest addition to NFT profile pictures. Following Free Mint, the group has generated more than $2.75 billion in trading volume to date, with ETH currently worth more than $200,000.

Edited by Andrew Hayward.