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HomeCryptocurrencyCryptoPunks Ethereum NFT Sells for 8,000 ETH worth Nearly $24 Million

CryptoPunks Ethereum NFT Sells for 8,000 ETH worth Nearly $24 Million

On Saturday, CryptoPunk 5822 sold for 8,000 ETH worth $23.7 million at the time of sale.

According to the report, the CEO of cloud blockchain infrastructure firm Chain, Deepak Thapliyal, purchased the non-fungible token (NFT) directly from CryptoPunks developer Larva Labs’ own online marketplace.

Whale Alert

It should be noted that dozens of CryptoPunks have sold for a million dollars worth of ETH or more, but today, the collection shattered its previous record.

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CryptoPunk Bot tweeted, “Punk 5822 bought for 8,000 ETH ($23,702,160.16 USD) by 0x69c488 from 0x7eb28b.”

The previous top sale for a CryptoPunk was $11.8 million, bought by DraftKings’ largest shareholder, Shalom Meckenzie at a Sotheby’s auction in June 2021.

Meanwhile, the largest on-chain sale through the Larva Labs marketplace came in December, when the pseudonymous 4156 sold his namesake Punk for $10.26 million worth of ETH.

According to Thaplival in a recent tweet, he used leverage via decentralized finance (DeFI) protocol, Compound Finance to pay for the CryptoPunk.

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Thaplival tweeted, “Thanks to @CompoundFinance I am able to still HODL #ETH while buying this. Basically Long’d ETH to punk-in.”

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The recent sale marks the 4th highest sale ever for a single NFT. Beeple’s “Everydays: The First 5,000 Days” holds the single-NFT sale record at $69.3 million from last March.


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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
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