An investor sells a cryptopunk that is not a suitable token (NFT) at about $ 10 million realized loss, reflecting on the ongoing denial of a former-booming blue-chip NFT Market.
A whale, or large cryptocurrency investor, sells a cryptopunk NFT for 4,000 ether (Eth) costs more than $ 6 million at the time of writing.
The investor originally bought the NFT for 4,500 ETH, or approximately $ 15.7 million, a year ago, according to blockchain analytics firm LookonChain.
“Did he lose 500 $ et ($ 774k)? No – he really lost $ 9.73m!” Lookonchain wrote in an x post. “When he bought it, the $ eth traded at $ 3,509. By the time he sold, the $ eth dropped by 57%,” the platform added.
Buy and sell the cryptopunk. Source: Arkham Intelligence / Lookonchain
Despite the steep loss, the $ 6 million transaction is still ranking as the largest NFT sale in the past 30 days, According to to data from cryptoslam.
Top NFT sales in 30 days. Source: Cryptoslam
The sale comes at a time of disruption for NFTs, which lack the extensive interest of the entrepreneur. The NFT trading volume in Ethereum decreased by more than 53% in the last month, while the NFT’s NFT trading volume of polygon fell 41%.
Cryptopunks saw a Temporary climbing floor prices 13% after rumors that it owns, the Yuga Labs, may “in the process” of the sale of intellectual collection ownership, Cointelegraph reported on January 14.
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Blue-chip collections View steep downfall
The leading Blue-Chip NFT collections remain significantly down from their 2021 highs amid lack of trading activity.
Cryptopunks currently have a floor price of about 43 ETH, or $ 68,000, which is more than 61% from their record of 113.9 ETH in October 2021.
Cryptopunks NFT price price, all-time chart. Source: NFTPRICEFLOOR
The bored floor price of the Yacht Club also dropped by 89%, while the mutant ape yacht club collection NFTPRICEFLOOR Data displays.
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However, the Pudgy penguin collection remains an outlier. It reached a new all-time high of more than 25 Ether on December 16, 2024, and gathered a maximum sales volume of over $ 72 million in the first quarter of 2025, Cointelegraph reported on March 28.
Source: Yuga labs
At the beginning of March, the US Securities and Exchange Commission closed its three -year investigation into the Yuga Labs, an investigation started under former chairman Gary Gensler, who aims to review NFT creators and groceries, to see if some NFT, such as Fractional Nftsare security.
https://www.youtube.com/watch?v=qpg829VWum8
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