TLDR
CryptoPunk #3100, one in all 9 uncommon Alien Punks, offered for 4,000 ETH ($6M), leading to a $10M loss for the vendor who purchased it for 4,500 ETH ($16M) in 2024
The loss was magnified by Ethereum’s 56-57% worth drop over the previous 12 months
Regardless of the market downturn, uncommon CryptoPunks nonetheless command excessive costs as a result of their shortage
NFT buying and selling volumes have declined since 2021, with Q1 2025 quantity falling 24% from This fall 2024
CryptoPunks maintains its standing as a premier NFT assortment however its flooring worth has dropped 44% within the final 90 days
A uncommon CryptoPunk NFT has offered for $6 million, representing a staggering $10 million loss for the vendor amid continued cooling within the NFT market. The transaction, which came about on April 10, 2025, highlights the risky nature of digital collectibles even on the highest finish of the market.
CryptoPunk #3100, one in all solely 9 Alien Punks within the unique 10,000-piece assortment, modified palms for 4,000 ETH (roughly $6.08 million). The NFT was bought by the vendor simply over a 12 months in the past in March 2024 for 4,500 ETH, which was price round $16 million at the moment.
Punk 3100 purchased for 4,000 ETH ($6,084,359.86 USD) by 0x074ad7 from 0x705876. https://t.co/YMzLi5i8se #cryptopunks #ethereum pic.twitter.com/2dsOqsjAc0
— CryptoPunks Bot (@cryptopunksbot) April 10, 2025
The five hundred ETH distinction between buy and sale costs was made a lot worse by Ethereum’s worth drop. ETH has fallen by 56-57% over the previous 12 months, turning what would have been a modest loss in cryptocurrency phrases right into a $10 million loss when transformed to {dollars}.
Report-Setting Assortment Faces Market Actuality
CryptoPunks, created by Larva Labs in 2017, had been initially free to assert however have turn out to be among the Most worthy digital collectibles on the planet. The gathering holds the information for the most costly NFT gross sales, with the very best being Punk #5822 promoting for $23.7 million in February 2022.
The rarity of Alien Punks has helped them keep worth even in a down market. CryptoPunk #3100 is distinguished not solely as an Alien (9 of 9,985 punks) but additionally by carrying a scarf (406 of 9,742 punks), making it one of the vital distinctive items within the assortment.
That is the third time this particular CryptoPunk has made the all-time gross sales leaderboard, having beforehand offered for $7.58 million and $16.03 million. In line with stories, crypto artwork brokerage Fountain facilitated the most recent transaction.
Whereas the client’s identification stays unknown, blockchain knowledge reveals the buying pockets was funded with 4,001 ETH from an account labeled “Coinbase Prime 2” shortly earlier than the transaction came about.
NFT TRADER DOWN $10M ON CRYPTOPUNK
This NFT Dealer purchased an Alien Cryptopunk 1 12 months in the past for 4.5K ETH ($16M). He simply offered it for 4K ETH ($6M).
He simply locked in a $10M loss.
Handle: 0x70587661c804c72BBa25EcddD8d17B332C984017 pic.twitter.com/765PHvUzob
— Arkham (@arkham) April 10, 2025
Broader NFT Market Decline
The sale comes in opposition to a backdrop of declining curiosity in NFTs. Buying and selling volumes have been on a common downward development since peaking in 2021, with solely occasional spikes during times of excessive market exercise.
In line with DappRadar’s Q1 2025 report, NFT buying and selling quantity fell to $1.5 billion, representing a 24% lower from This fall 2024. Though the variety of energetic merchants hasn’t declined as sharply, the decrease quantity suggests fewer high-value transactions are happening.
General NFT gross sales dipped to simply over $58 million as of April 7, 2025, reaching ranges beforehand seen in early 2021 earlier than the NFT growth took off. This development reveals how the market has cooled significantly from its peak.
CryptoPunks stays the premier profile image NFT assortment within the business. Nonetheless, its flooring worth has dropped 44% within the final 90 days to roughly $64,727, in response to NFT Worth Flooring. This can be a far cry from its all-time excessive flooring worth of greater than $400,000 reached in November 2021.
Even with this decline, CryptoPunks nonetheless instructions a large share of the market. The gathering makes up 23% of the $2.7 billion world NFT market capitalization, displaying its continued significance within the house.
Earlier this month, the Pudgy Penguins NFT assortment got here near surpassing CryptoPunks as the most costly NFT assortment. Pudgy Penguins’ flooring worth rose from $19,000 firstly of November to greater than $138,000 by mid-December, displaying that sure collections can nonetheless expertise progress even in a down market.
The NFT market’s cooling extends past simply CryptoPunks. However uncommon items with confirmed monitor information proceed to command costs within the tens of millions, even when these costs are decrease than they as soon as had been.
For holders of much less uncommon NFTs, the market downturn has been much more pronounced. Many collectors who bought NFTs in the course of the 2021-2022 growth are actually confronted with property price a fraction of their preliminary funding.
Regardless of these challenges, the CryptoPunks assortment, now owned by Yuga Labs after being offered by Larva Labs in 2022, maintains its cultural relevance as one of many earliest and most influential NFT tasks.
This newest high-profile sale of CryptoPunk #3100 represents each the enduring worth of sure digital collectibles and the cruel actuality of a market correction that has left many NFT traders with substantial losses.
