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CryptoPunk NFT Sells for $6M, Marking $10M Loss for Seller as Ethereum Price Falls
- CryptoPunk #3100, a rare Alien Punk, sold for 4,000 ETH ($6M), resulting in a $10M loss for the seller who purchased it for 4,500 ETH ($16M) in 2024.
- The seller faced a significant loss exacerbated by Ethereum's 56-57% price drop over the past year.
- Despite the overall market decline, rare CryptoPunks retain high value due to their scarcity.
- NFT trading volumes decreased, with Q1 2025 volume dropping 24% from Q4 2024.
- CryptoPunks remains a premier NFT collection, but its floor price has decreased by 44% in the last 90 days.
- A CryptoPunk NFT was sold for $6 million, showcasing the volatile nature of digital collectibles even in high-end markets.
- CryptoPunk #3100 is among the rare Alien Punks, maintaining value due to its rarity despite market downturns.
- The buyer's identity for the recent transaction remains undisclosed, facilitated by crypto art brokerage Fountain.
- NFT market overall has seen declining interest, with trading volumes falling and fewer high-value transactions occurring.
- While the market has cooled, CryptoPunks still hold a significant share with a 23% contribution to the $2.7 billion global NFT market capitalization.
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