Tag: loss

NFT Meltdown: Is This $10M Loss a Wake-Up Call for Regulation?

NFT Meltdown: Is This $10M Loss a Wake-Up Call for Regulation?

Let's talk about that CryptoPunk sale. $10 million vanished. Poof. Gone. One year $15.7 million in, $6 million out. Not even the biggest NFT sale of the past 30 days can hide the smell of a market turned rotten. Are we seriously going to just throw our hands up and...

CryptoPunk Sold at $10M Loss: What This Means for NFTs

CryptoPunk Sold at $10M Loss: What This Means for NFTs

Just like crypto, the NFT market that at one point appeared to be a complete tidal wave has been hit hard. This is highlighted by a recent high-profile sale that has sent ripples of concern throughout the digital art and collectibles world. Just recently, one trader sold CryptoPunk #3100 (an...

CryptoPunk NFT Sells for $6 Million, Investor Suffers $10 Million Loss

CryptoPunk NFT Sells for $6 Million, Investor Suffers $10 Million Loss

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....