CryptoPunk #3100 Sells for $6 Million Despite $10 Million Loss in Slumping NFT Market

A rare CryptoPunk NFT, #3100, depicting an Alien Punk, recently sold for $6 million. This sale came amid a notable downturn in the NFT market, with prices plummeting and causing significant losses for many investors. The seller of this particular NFT, who purchased it for 4.5 ETH ($16 million) in March 2024, incurred a staggering $10 million loss after selling for 4,000 ETH ($6 million). Despite the market downturn, #3100’s sale marks a notable event within the CryptoPunks ecosystem as it sits on the top three highest sales list for the collection. The NFT’s price continues to reflect the challenges facing the NFT market.