The blue-chip non-fungible token (NFT) collection CryptoPunks witnessed another historic sale in March, as a rare alien piece, CryptoPunk #7804, sold for approximately $16 million in Ether.
On March 20, CryptoPunk #7804 was bought for 4,850 ETH, equivalent to about $16.4 million at the time. This sale marked the second-highest selling price ever for a CryptoPunk, following a similar high-profile sale earlier in the month.
CryptoPunk #7804 is one of the 10,000 NFTs in the collection, deriving its value from its rarity attributes. It features a character with a forward-facing cap (only 254 CryptoPunks), a pipe (317 NFTs), and small shades (378 CryptoPunks). Moreover, it’s one of just nine alien CryptoPunks, further enhancing its scarcity.
Peruggia, the seller of the NFT, expressed mixed feelings about the sale, describing it as the “end of an era” and regretting not maximizing the asset’s value earlier. Peruggia acquired the CryptoPunk in March 2021 for 4,200 ETH and held onto it for over three years, despite lucrative offers in 2022.
Community members lauded the sale, congratulating the seller and recognizing the significance of the transaction. The sale also propelled CryptoPunks’ sales volume to surpass other prominent NFT collections in weekly sales, including NodeMonkeys and Mad Lads.
The surge in high-profile NFT sales across various blockchains contributed to a significant increase in NFT transaction volume. In the last 30 days alone, NFTs recorded $1.5 billion in sales volume across multiple blockchain networks.
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