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Someone just spent $ 10 million of ether on a CryptoPunk NFT

December 10, 2021 - Around 2 mins mins to read

CryptoPunk # 4156 went on sale today (December 10th) for $ 10 million, making it one of the most expensive punks in collection history.

Someone just spent $ 10 million of ether on a CryptoPunk NFT

CryptoPunk # 4156

Sale of LarvaLabs shows that today’s Crypto transaction # 4156 is the largest by cash value, with an exact sale price of $ 10.26 million.

The high price of Crypto # 4156 is due to its rarity. # 4156 2nd rarest of 24 monkeys (apes). The rarest are Alien (Alien) with 9 punk and Zombie (Zombie) with 88 punk. The majority of Crypto are people and it is nearly 10,000 in total.

However, there are some reservations about today’s high retail prices. Due to the different ether prices, it was only the third largest sale in terms of ETH. In March, 2 CryptoPunks were sold for 4,200 ETH each, while CryptoPunk # 4156 only brought in 2,500 ETH.

How NFTs Are Helping People Rake In Millions | Kittens

This sale also ranks higher than Sotheby’s sale of Crypto # 7523 for $ 11.75 million. LarvaLabs has no data on this sale as it appears to be an off-chain sale made for cash.

Another CryptoPunk NFT was also sold for up to $ 538 million in October, but that was the result of holders transferring tokens in a wash trade rather than actually selling them.

The seller said the auction house supported someone

CryptoPunk is one of the earliest Ethereum-based NFT collections, dating back to mid-2017, which has helped draw the attention of Ethereum proponents, celebrities, as well as Christie’s and Sotheby’s, two of them, the most prestigious auction houses in the world .

The original owner of  # 4156 says that with his support, the auction house offered 1,500 ETH ($ 6.3 million) at a bargain price.

CryptoPunks NFTs sell at Christie's for $16.9 million - The Verge

While it’s hard to say how much CryptoPunk # 4156 will actually bring in, major auction houses like Sotheby’s and Christie’s have already auctioned items from the collection with great success.

As such, CryptoPunk # 4156 may not be the only rare NFT auction houses are trying to keep.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

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CryptoPunk

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Market

Someone just spent $ 10 million of ether on a CryptoPunk NFT

CryptoPunk # 4156 went on sale today (December 10th) for $ 10 million, making it one of the most expensive punks in collection history.

Someone just spent $ 10 million of ether on a CryptoPunk NFT

CryptoPunk # 4156

Sale of LarvaLabs shows that today’s Crypto transaction # 4156 is the largest by cash value, with an exact sale price of $ 10.26 million.

The high price of Crypto # 4156 is due to its rarity. # 4156 2nd rarest of 24 monkeys (apes). The rarest are Alien (Alien) with 9 punk and Zombie (Zombie) with 88 punk. The majority of Crypto are people and it is nearly 10,000 in total.

However, there are some reservations about today’s high retail prices. Due to the different ether prices, it was only the third largest sale in terms of ETH. In March, 2 CryptoPunks were sold for 4,200 ETH each, while CryptoPunk # 4156 only brought in 2,500 ETH.

How NFTs Are Helping People Rake In Millions | Kittens

This sale also ranks higher than Sotheby’s sale of Crypto # 7523 for $ 11.75 million. LarvaLabs has no data on this sale as it appears to be an off-chain sale made for cash.

Another CryptoPunk NFT was also sold for up to $ 538 million in October, but that was the result of holders transferring tokens in a wash trade rather than actually selling them.

The seller said the auction house supported someone

CryptoPunk is one of the earliest Ethereum-based NFT collections, dating back to mid-2017, which has helped draw the attention of Ethereum proponents, celebrities, as well as Christie’s and Sotheby’s, two of them, the most prestigious auction houses in the world .

The original owner of  # 4156 says that with his support, the auction house offered 1,500 ETH ($ 6.3 million) at a bargain price.

CryptoPunks NFTs sell at Christie's for $16.9 million - The Verge

While it’s hard to say how much CryptoPunk # 4156 will actually bring in, major auction houses like Sotheby’s and Christie’s have already auctioned items from the collection with great success.

As such, CryptoPunk # 4156 may not be the only rare NFT auction houses are trying to keep.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

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