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$16M CryptoPunk Sale Spotlights NFT Market’s Explosive Development

As Bitcoin nears its highest worth of almost $69,000, the NFT market experiences a swift revival characterised by extraordinary offers — amongst them the sale of CryptoPunk #3100.

Punk #3100 made historical past yesterday by being snatched up for round $16 million (4,500 ETH), marking the second-largest buy within the CryptoPunk NFT series.

Such a sale, facilitated by OpenSea, outdid a earlier provide of $14.5 million (4,250 ETH) on March 1. The collectible’s attract contains standing out as one of many 9 ‘Alien Punks’, distinguished by its blue pores and skin.

Highlighting the excessive demand for these otherworldly PFP characters, Alien CryptoPunks are coveted for his or her rarity and distinctive look, with two others presently accessible for $17.Eight million and $19.6 million.

CryptoPunks Lead the Cost

Amidst a buoyant revival within the NFT sector, characterised by a surge in purchaser engagement and a latest 25% increase in daily market volume, CryptoPunks stand on the epicenter.

Based on NFT Worth Ground, CryptoPunks presently has a complete 24-hour buying and selling quantity of roughly $18.73 million (4,970.2 ETH) and a market cap of roughly $2.05 billion (544,000 ETH), impressively positioning the NFT model as at present’s most celebrated NFT assortment.

Nonetheless, the very best file for one among these Pixelated Punks is held by CryptoPunk #5822, which Chain CEO Deepak Thapliyal purchased for round $23.7 million (8,000 ETH) on the time, again in February 2022.

Should learn: The 10 Most Expensive NFT collectibles Ever Sold

The latest price ticket of CryptoPunk #3100, coupled with the renewed enthusiasm for NFTs and cryptocurrencies, alerts a transformative section within the digital asset area.

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*All funding/monetary opinions expressed by NFT Plazas are from the non-public analysis and expertise of our web site moderators and are supposed as academic materials solely. People are required to totally analysis any product prior to creating any form of funding.