{"id":21620,"date":"2025-04-11T07:02:01","date_gmt":"2025-04-11T07:02:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21620"},"modified":"2025-04-11T07:02:01","modified_gmt":"2025-04-11T07:02:01","slug":"cryptopunk-nft-once-bought-for-16m-sold-for-10m-loss","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21620","title":{"rendered":"CryptoPunk NFT, Once Bought for $16M, Sold for $10M Loss"},"content":{"rendered":"
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Remember when CryptoPunks were the ultimate flex?<\/p>\n

The 10,000 avatars issued by Larva Labs back in 2017, were among the crown jewels of the non-fungible token (NFT) craze in 2021. Some NFTs of that collection fetched as high as $56 million<\/a> worth of ether (ETH) on the open market in 2024.<\/p>\n

The top five most expensive NFTs belong to the CryptoPunk collection, data from NFT analytics service CryptoSlam shows. But holders seem to be moving their money out.<\/p>\n

The wallet behind CryptoPunks #3100, the third-highest NFT sale ever, sold their collectible earlier Friday for 4,000 ETH \u2014 a 500 ETH haircut worth over $10 million in dollar terms as ETH has itself dove nearly 60% in the past year.<\/p>\n

That\u2019s still a relatively high price for CryptoPunk compared to the collection\u2019s floor price \u2014 or the minimum asking rate \u2014 of 42 ETH, or about $65,000, per CoinGecko<\/a>. #3100\u2019s value was driven by its rarity of being an \u201calien\u201d (9 of 9985 punks) and wearing a hairband (406 of 9742 punks).<\/p>\n

NFT trading volumes have been on a general decline since 2021, bar a few spikes amid frenzied periods. Overall sales dipped to just over $58 million as on April 7, reaching levels previously seen in early 2021.<\/p>\n

\"\"<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Remember when CryptoPunks were the ultimate flex? The 10,000 avatars issued by Larva Labs back in 2017, were among the crown jewels of the non-fungible token (NFT) craze in 2021. Some NFTs of that collection fetched as high as $56 million worth of ether (ETH) on the open market in 2024. The top five most […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21620","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21620"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21620\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}