$16M CryptoPunk Sale Spotlights NFT Market’s Explosive Growth

As Bitcoin nears its highest worth of practically $69,000, the NFT market experiences a swift revival characterised by extraordinary offers — amongst them the sale of CryptoPunk #3100.

Punk #3100 made historical past yesterday by being snatched up for round $16 million (4,500 ETH), marking the second-largest buy within the CryptoPunk NFT sequence

Such a sale, facilitated by OpenSea, outdid a earlier supply of $14.5 million (4,250 ETH) on March 1. The collectible’s attract consists of standing out as one of many 9 ‘Alien Punks’, distinguished by its blue pores and skin.

Highlighting the excessive demand for these otherworldly PFP characters, Alien CryptoPunks are coveted for his or her rarity and distinctive look, with two others at the moment accessible for $17.8 million and $19.6 million.

CryptoPunks Lead the Cost

Amidst a buoyant revival within the NFT sector, characterised by a surge in purchaser engagement and a latest 25% enhance in every day market quantity, CryptoPunks stand on the epicenter. 

In accordance with NFT Worth Flooring, CryptoPunks at the moment has a complete 24-hour buying and selling quantity of roughly $18.73 million (4,970.2 ETH) and a market cap of roughly $2.05 billion (544,000 ETH), impressively positioning the NFT model as in the present day’s most celebrated NFT assortment.

Nonetheless, the best document for considered one of these Pixelated Punks is held by CryptoPunk #5822, which Chain CEO Deepak Thapliyal purchased for round $23.7 million (8,000 ETH) on the time, again in February 2022.

Should learn: The ten Most Costly NFT collectibles Ever Bought

The latest price ticket of CryptoPunk #3100, coupled with the renewed enthusiasm for NFTs and cryptocurrencies, indicators a transformative section within the digital asset house. 

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