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.

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.

Read Also: OpenSea Says Over 80% of Its Free NFT Mints Were Plagiarized, Spam or Fake

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.

Read Also: Renowned 3D NFT Artist Gal Yosef Announces Meta Eagle Club Collection Backed By Eden Gallery

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

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.

---

Follow us on Twitter, Facebook, Telegram, and Google News