• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    Bitcoin Market Sentiment: Shifting from Bearish to Neutral

    Bitcoin Market Shifts to Neutral Before Fed Decision

    Capital B Overtakes HIVE in Bitcoin Mining Ranking

    Capital B Overtakes HIVE in Bitcoin Mining Ranking

    Michael Saylor Advocates Bitcoin Reserve in Washington

    Michael Saylor Advocates Bitcoin Reserve in Washington

    Michael Saylor Joins Lawmakers for Bitcoin Reserve Bill

    Michael Saylor Joins Lawmakers for Bitcoin Reserve Bill

    Michael Saylor Joins Legislative Push for Bitcoin Reserve

    Michael Saylor Joins Legislative Push for Bitcoin Reserve

    Michael Saylor Advocates Bitcoin for Corporate Treasuries

    Michael Saylor Advocates Bitcoin for Corporate Treasuries

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    BlackRock ETHA ETF: Expanding Ethereum Investments

    BlackRock Ethereum ETF Records Major Inflow of 80,768 ETH

    Solana ETFs Hit Record $145M Daily Inflow

    Solana ETFs Hit Record $145M Daily Inflow

    Solana ETFs Record $145M Daily Inflow, AUM Hits $4.1B

    Solana ETFs Record $145M Daily Inflow, AUM Hits $4.1B

    Solana ETFs Reach Historic $145M Daily Inflow

    Solana ETFs Reach Historic $145M Daily Inflow

    India's INR-backed Stablecoin Exploration

    India Discusses INR Stablecoin Amid Regulatory Challenges

    Bitwise Files for Spot AVAX ETF with SEC

    Bitwise Files for Spot AVAX ETF with SEC

    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

India Debates Proposed Digital Rupee Stablecoin

India Debates Proposed Digital Rupee Stablecoin

by Solomon M.
September 16, 2025

India discusses a Digital Rupee Stablecoin, sparking crypto industry reactions.

PayPal Integrates Crypto in P2P Payments

PayPal Integrates Bitcoin, Ethereum, PYUSD for P2P Payments

by Solomon M.
September 15, 2025

PayPal announces integration of Bitcoin, Ethereum, and PYUSD in its P2P system.

Thailand Freezes Millions of Bank Accounts in Scam Crackdown

Thailand Freezes Millions of Bank Accounts in Scam Crackdown

by Solomon M.
September 15, 2025

Thailand freezes 3 million accounts to fight scams, affecting financial and crypto sectors.

Bitmine Acquires 276.8K ETH Amid Market Dynamics

Bitmine Acquires 276.8K ETH Amid Market Dynamics

by Joshua T.
September 15, 2025

Bitmine Immersion Technologies buys 276.8K ETH, driving notable market impact.

Crypto Market Liquidations and Their Impact

Crypto Market Faces $309M Liquidation Impact

by Solomon M.
September 15, 2025

$309M crypto liquidated, $217M from longs, affecting key assets like BTC, ETH.

Market Liquidations Highlight Crypto Volatility

Crypto Market Hit: $309M Liquidations Recorded

by Solomon M.
September 15, 2025

$309M crypto liquidations in 24 hours, impacting BTC, ETH. Key exchanges involved.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • 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.