A Rare CryptoPunk NFT Sells for $6 Million, Resulting in a $10 Million Loss
A unique CryptoPunk NFT, known as CryptoPunk #3100, recently sold for $6 million. This sale,however,resulted in a significant $10 million loss for the seller. The NFT, one of only nine Alien Punks in the original collection, was sold for 4,000 Ethereum (ETH).
When the seller originally purchased CryptoPunk #3100 in March 2024, it cost 4,500 ETH, or about $16 million. The drop in Ethereum’s price over the past year turned this 500 ETH loss into a $10 million hit in dollar terms. The sale was brokered by Fountain and finalized through a private offer on the CryptoPunks marketplace.
This NFT has a history of high-value transactions. It previously sold for $7.58 million and $16.03 million. Despite cryptopunks’ status as a top-tier NFT collection, its financial performance has declined. The collection’s floor price has dropped 67% from its all-time high of 125 ETH in 2021, now averaging 42.5 ETH.
The NFT market is facing pressure as popularity and asset prices fall.In Q1 2025, NFT trading volume fell to $1.5 billion, a 24% decrease from Q4 2024. Fewer high-value transactions, rather than a decline in users, are driving this drop. CryptoPunks still holds a sizable share of the market, making up 23% of the $2.7 billion global NFT market capitalization.
