A price like this hasn’t been reached in a long time. One of the non-fungible tokens (NFTs) in the CryptoPunks’ collection just sold for $2.6 million. There has also been a rise in floor prices, despite the current environment.
CryptoPunk sold for $2.6 million
This sale is of NFT Cryptopunk number 4464, which almost reminds one of his Bored Apes Yacht Club comrades:
Punk 4464 bought for 2,500 ETH ($2,615,224.91 USD) by 0x561786 from 0x33eaae. https://t.co/xqtkT3BeER cryptopunks ethereum pic.twitter.com/iCAAG4LKHg
– CryptoPunks Bot (@cryptopunksbot) July 12, 2022
In total, CryptoPunk was sold for 2,500 ETH. If we only consider the amount in ETH, this is the 4th most expensive CryptoPunk of all time. But if you look at the price in dollars (and you should, in the current context), it is “only” the 15th most expensive punk in the history of the collection.
Still, the news can be seen as a welcome oasis in these bear market times, where neither BTC nor ETH manage to move significantly.
Low prices for major collections are picking up
Because it seems that this is not an isolated act. The floor prices of NFTs collections have been trending upwards in recent days, after falling sharply following the bear market. Cryptopunks in particular are showing some renewed interest:
CryptoPunks NFT floor price evolution
In addition, we can see that the main NFT collections are in the green since yesterday, which also shows a renewed interest:
However, we must be careful. The macro context does not really encourage optimism this week, and the crisis that the cryptocurrency world is experiencing is not yet behind us. But this type of sale shows that the ecosystem continues to generate interest, bear market or not.
