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This CryptoPunk NFT Just Sold for $735,000

Wed, 10/26/2022 - 19:57
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Alex Dovbnya
The latest high-profile sale shows that the popular collection is likely experiencing a resurgence in popularity
This CryptoPunk NFT Just Sold for $735,000
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On Wednesday, CryptoPunk #924 sold for 475 ETH, or about $735,770 worth at the time of the purchase, according to a Twitter bot that tracks the most recent sales from the collection. 

The recent sale proves that interest in blue-chip non-fungible tokens remains consistently high despite the fact that the sector has taken a severe beating during the cryptocurrency winter.       

It is worth noting that the punk in question has a rarity score of 132.39, according to the analytics platform Rarity.Tools. This makes it only the 2,327th-rarest NFT from the collection. The punk has such distinctive attributes as a luxurious beard, a hoodie, an earring, and 3D glasses. 

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The NFT was purchased by an anonymous buyer, who currently owns two punks.     

CryptoPunks appeared long before NFTs became mainstream in 2021. The collection was launched back in 2017, but it gained traction last year. Multiple CryptoPunks have been sold for millions of dollars, with celebrities and entrepreneurs rushing to buy them in order to flaunt their wealth. 

In February, a single ape-traited NFT from the popular collection was sold for a staggering  $23.7 million.  

Even though punks remain in vogue, the broader sector is experiencing a severe crisis. As reported by U.Today, the sales of NFTs collapsed by a whopping 60% in the third quarter of 2022.   

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at