• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    Bitcoin Short Squeeze Anticipated Amid US CPI Speculation

    Bitcoin Short Squeeze Anticipated Amid US CPI Speculation

    Bitcoin Short Squeeze Potential Amid Bullish CPI Speculation

    Bitcoin Short Squeeze Anticipated Amid Bullish US CPI Speculation

    Crypto Market Increases by $100 Billion in 24 Hours

    Crypto Market Increases by $100 Billion in 24 Hours

    Crypto Market Gains $100 Billion in 24 Hours

    Crypto Market Gains $100 Billion in 24 Hours

    Jack Dorsey Declares Bitcoin As Currency By 2026

    Jack Dorsey Declares Bitcoin As Currency By 2026

    Jack Dorsey's Vision for Bitcoin

    Jack Dorsey Declares Bitcoin as Currency, Not Cryptocurrency

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Vitalik Buterin's Ethereum Upgrade to Boost Proof Systems

    Vitalik Buterin’s Ethereum Upgrade to Boost Proof Systems

    North Carolina Man Loses $3M in XRP Theft

    North Carolina Man Loses $3M in XRP Theft

    Chainlink Withdrawal Analysis: Implications and Insights

    New Wallet Withdraws $2.4M LINK from Binance

    New Wallet Withdraws $2.4 Million in LINK from Binance

    New Wallet Withdraws $2.4 Million in LINK from Binance

    New Wallet Withdraws $2.4M in LINK from Binance

    New Wallet Withdraws $2.4M in LINK from Binance

    OpenSea Announces SEA Token Launch for Q1 2026

    OpenSea Announces SEA Token Launch for Q1 2026

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

CryptoPunk NFT Sale Reveals $10 Million Loss

Solomon M. by Solomon M.
April 12, 2025
in Latest News
cryptopunk chart oil art
Key Points:

  • Anonymous whale sold CryptoPunk #3100 at a $10 million loss.
  • Market reflects broader NFT value declines.
  • Trade underscores risk in high-value NFTs.

cryptopunk-3100-sale-a-10-million-loss-amid-market-decline
CryptoPunk #3100 Sale: A $10 Million Loss Amid Market Decline

CryptoPunk #3100, a rare Alien variant, was sold by an anonymous crypto whale for 4,000 ETH, about $6.07 million. This transaction was executed on the official CryptoPunks marketplace, highlighting a near $10 million loss based on its initial purchase price.

Market Impact and Sentiment

A prominent crypto whale sold CryptoPunk #3100 for 4,000 ETH (~$6.07 million), marking a $10 million loss from its purchase price of 4,500 ETH. The sale trends highlight declining NFT markets since their 2021 peak. The anonymous seller involved was a major NFT collector. Blockchain data attributes the buyer’s Coinbase Prime account. The trade underscores the plummeting value of Ethereum, contributing to the loss magnitude.

“Did he only lose 500 $ETH ($774K)? No—he actually lost $9.73M! When he bought it, $ETH was trading at $3,509. By the time he sold, $ETH had dropped 57%.” — Lookonchain on X

ETH’s price remains stable post-sale, hovering around $1,500 to $1,600, as covered by CoinDesk.

Broader NFT Market Trends

Ethereum lost 57% in value, affecting assets like CryptoPunks significantly. Despite the wrench, this NFT transaction topped others in the past month, illustrating continued collector demand. According to blockchain insights shared by Lookonchain, NFT trading volumes on Ethereum declined by 53%, with similar trends on other blockchains like Polygon. CryptoPunks’ floor price sits at around 42 ETH (~$65,000), showing a broader market downturn. CryptoPunks historically exhibited price spikes during hype phases; however, the recent sale had low influence on broader market activities.


Regulatory and Community Perspectives

The sizable loss reflects the dual impact of declining ETH value and reduced sale price, emphasized by blockchain analytics firm Lookonchain and highlighted by The Block. Regulatory scrutiny over NFTs persists, primarily concerning classification and tax implications, though no specific statements accompanied this sale. Community sentiment around high-value assets like Alien CryptoPunks shows concerns regarding declining liquidity in the market.

Previous Post

Crypto Whale Sells Rare CryptoPunk at $10M Loss

Next Post

Crypto Market Rallies Post Trump’s Tariff Exemption Decision

Solomon M.

Solomon M.

Related Posts

Chinese Firms Halt Hong Kong Stablecoin Plans After Beijing Intervention

Chinese Firms Halt Hong Kong Stablecoin Plans After Beijing Intervention

by Anca F.
October 20, 2025

Chinese tech giants pause Hong Kong stablecoin plans following Beijing intervention, impacting market dynamics and industry development.

Chinese Tech Giants Halt Hong Kong Stablecoin Plans

Chinese Tech Giants Halt Hong Kong Stablecoin Plans

by Solomon M.
October 20, 2025

Chinese firms Ant Group and JD.com pause Hong Kong stablecoin initiatives after Beijing intervention.

Japan's FSA Considers Banks Trading Crypto Assets

Japan’s FSA Considers Banks Trading Crypto Assets

by Solomon M.
October 20, 2025

Japan's FSA may allow banks to hold and trade crypto, aligning with mainstream finance.

Binance Bans 600 Accounts for Misuse of Trading Tools

Binance Bans 600 Accounts for Misuse of Trading Tools

by Joshua T.
October 20, 2025

Binance bans over 600 accounts for trading tool misuse, impacting BNB and platform integrity.

Binance Terminates 600 Accounts for Trading Violations

Binance Terminates 600 Accounts for Trading Violations

by Joshua T.
October 20, 2025

Binance bans 600 accounts over trading tool misuse; impacts BNB token and market stability.

Crypto Market Gains $100B in 24 Hours Amid ETF Inflows

Crypto Market Gains $100B in 24 Hours Amid ETF Inflows

by Adriana M.
October 20, 2025

The crypto market surged by $100 billion in 24 hours, driven by institutional inflows and global sentiment shifts.

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.