A CryptoPunk non-fungible token (NFT) recently sold for such a loss at $10 million. This dramatic sale further highlights the volatile nature of the digital asset market. The NFT market has been in a steady downward spiral since its height in 2021. This incident is a particularly harsh reminder of...
The NFT market has been incredibly volatile, with many projects or collections having had lost as much as 90% of their initial value. Despite the ongoing crypto winter, the recent sale of CryptoPunk #3100 for 4000 ETH made waves. This sale—which was valued at approximately $16 million—has sparked rampant speculation...
CryptoPunks, designed by Larva Labs in 2017, is a set of non-fungible tokens (NFTs). It has enjoyed tremendous success and has wrestled through difficult times in the ever-evolving digital marketplace. In 2021, the initial creation of 10,000 avatars became the poster child of the NFT boom. Individual NFTs from this...
One investor sold a single CryptoPunk non-fungible token (NFT) for the equivalent of 4,000 ETH, or more than $6 million. This sale is the largest NFT sale in the last 30 days. As the owner forcefully argued, it resulted in a gigantic loss of almost $10 million for the owner....
