What Bear Market? CryptoPunk Sells for $3.3 Million

Alex Dovbnya

The CryptoPunk collection defies the bear market with high-profile sales

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Fri, 15/07/2022 - 20:53

What Bear Market? CryptoPunk Sells for $3.3 Million

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A non-fungible token from the CryptoPunk collection has sold for a staggering 2,691 ETH ($3.3 million), defying the bear market.

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This has marked one of the most valuable NFT sales of all time despite the fact that the industry is in the doldrums.

The purchase has pushed the floor price of the CryptoPunk collection higher. The collection has seen a resurgence this summer despite the fact that sentiment toward NFTs has soured.

Another rare CryptoPunk was bought for $2.6 million earlier this week.

Last June, a CryptoPunk NFT was sold for a whopping $12 million worth of Ether.

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About the author

Alex Dovbnya

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 alex.dovbnya@u.today.