cyrpto 10m, absorbing, CryptoPunk, investor, loss, NFT, sells Mark April 11, 2025 0 Comments

Investor sells CryptoPunk NFT for $6M absorbing a $10M loss

A rare Cryptopunk NFT has just been sold for $ 6 million with a narcotic loss of $ 10 million in the middle of the continuous NFT prices slide.

Cryptopunk # 3100, one of the nine extraterrestrial punks in the original 10,000 room collection, was sold for 4,000 Ethereum (Ethn), worth around 6.07 million dollars at the time of the sale, according to a transaction of April 10 reported by Arkham on X. The artistic brokerage company Fountain would have negotiated the sale, which was finalized by a private offer on the cryptopunks market.

NFT Trader down $ 10 million in cryptopunk

This NFT trader bought an extraterrestrial cryptopunk 1 year ago for 4.5K ETH ($ 16 million). He has just sold it for 4K ETH ($ 6 million).

He just locked a loss of $ 10 million.

Address: 0x705876661c804c72bba25ecddd8d17b332c984017 pic.twitter.com/765phvuzob

– Arkham (@arkham) April 10, 2025

When the NFT was bought for the first time by the anonymous seller in March 2024, it was the third Cryptopunk Transaction at the time, costing 4,500 ETH, or about $ 16 million. But with the price of Ethereum down approximately 56% in the past year, the seller’s loss of 500 ETH has turned into a net of $ 10 million in dollars.

Cryptopunk # 3100 is now listed three times in the sales ranking of all time for cryptopunks, having previously sold $ 7.58 million and $ 16.03 million. Despite the remaining cryptopunks upper level Profile Picture NFT Collection, its financial performance took a hit.

The price of the floor of the collection fell by 67% of its summit of 125 ETH in 2021, with an average of 42.5 ETH, in accordance with Coingecko data. At that time, ETH was negotiated at around $ 3,500, placing the soil price of more than $ 400,000, against only $ 65,900 at the time of the press.

While the popularity and prices of NFTS assets continue to autumnThe industry has been faced with significant pressure. In the first quarter of 2025, the NFT negotiation volume fell to $ 1.5 billion, a drop of 24% compared to the fourth quarter 2024, according to the first quarter of Dappradar report.

Despite a slight decrease in commercial activity, the reduced drop in volume indicates less high -value transactions rather than a drop in users. Cryptopunks still order a significant share of the market, representing 23% of the world market capitalization of $ 2.7 billion in the NFT.