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NFT News

CryptoPunk #7804 Shatters Records with $16.4 Million Ethereum Sale

Emerging from the Ethereum blockchain, CryptoPunks has established itself as a cornerstone of the NFT world.

Written By Kelvin Munene Kelvin Munene
Published March 21, 2024 9:28 PM·Updated 2 years ago
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CryptoPunk #7804 Shatters Records with $16.4 Million Ethereum Sale

CryptoPunk #7804, a prized Alien Punk, recently broke records with its $16.4 million sale, electrifying digital art and cryptocurrency sectors. This remarkable transaction secures its place as the second-largest sale in the collection’s history, both in terms of Ethereum and U.S. dollars.

Punk #7804 is one of the 9 rare alien punks with three additional attributes, Cap forward, Pipe, and Small Shades. Its previous owner Peruggia bought it for $7.57 Millions, and now they passed it on to new owner with right vision.

End of an era. I've long since felt like an imposter. Holding punks, and potentially NFTs a whole hostage by not elevating 7804 in the way he deserves.

After over a year of looking around I feel I've found the right buyer with the right vision to appropriately elevate this asset https://t.co/onngtTumrJ

— Peruggia (@peruggia_v) March 20, 2024

Record-Breaking Sale Draws Eyes to NFTs

Emerging from the Ethereum blockchain, CryptoPunks has established itself as a cornerstone of the NFT world. With 10,000 unique pixel art characters, the project has garnered a robust following. 

Despite Ethereum’s recent dip, the allure of unique digital collectibles remains unshaken. Just a few weeks ago, another Alien Punk, #3100, sold for 4,500 ETH, amounting to $16.03 million. The anonymity of the buyers adds a layer of intrigue to these sales, with the latest purchaser using a newly funded Coinbase wallet for the transaction.

This transaction underscores the sustained allure and valuation of Alien CryptoPunks, following closely on the heels of a $16.03 million sale earlier in March. Ranking as one of the top NFT sales, this event showcases the maturing landscape of NFT investments and sets the stage for future endeavors in high-value digital art.

Also Read: WIF Memecoin NFT Sells for $4.3M, Las Vegas Display Funded

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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