Key Takeaways:
- CryptoPunk #5822, bought for $23.7M in 2022, was transferred to an unknown wallet, sparking rumors of a potential sale at a loss.
- The NFT market has slumped, with a 45% drop in Q2 2024 sales volume, reaching the lowest monthly sales since November 2023.
- A Sotheby’s auction for a CryptoPunk NFT garnered only one bid of $45,000, far below the estimated $70,000 to $100,000 value.
The most expensive CryptoPunk NFT, #5822, originally purchased by Deepak Thapliyal for 8,000 ETH ($23.7 million) in 2022, was recently transferred to an unidentified wallet for an undisclosed amount, sparking speculation that it may have been sold at a loss.
The NFT market has seen a significant decline, with a 45% drop in sales volume in Q2 2024 and the lowest monthly sales since November 2023.
CryptoPunk #5822 just sold in a private sale. Price terms have not been disclosed
— nft now (@nftnow) August 19, 2024
The alien Punk last sold for 8,000 ETH ($23.7 million) to @dt_nfts in February 2022 pic.twitter.com/9hgyS5eD9U
Currently, only one alien CryptoPunk is listed for sale at 5,000 ETH ($13.36 million), suggesting a potential 43.6% loss if the sale price matches this listing.
End of an Era.
— Deepak (@dt_nfts) August 19, 2024
👋 #5822, Enjoy your new 🏡
Additionally, a CryptoPunk NFT featured in a Sotheby’s auction has drawn minimal interest, with only one bid of $45,000, well below its estimated value of $70,000 to $100,000.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
His articles offer a deep dive into the latest trends, projects, and technological advancements shaping the future of digital finance.
Check Efe out on:
