CryptoPunks NFT Sells For $24M, Double Its Previous Record

A CryptoPunks NFT sells for $24 million which is double the previous record according to the reports by Chain CEO Deepak Thapilyal who said he used leverage to purchase the NFT which broke the previous sale so let’s find out more about it in our latest cryptocurrency news today.

The previous CryptoPunks record of $11.8 million was sent a year ago. CryptoPunks NFT sells for $24 million now, while it predates the modern NFT craze by years and has the OG status which made the 2017 Ethereum profile picture collection legendary in the crypto space. Dozens of collections have sold for millions of dollars worth of ETH but today the collection shattered its previous record with a sale of $24 million.

👽 pic.twitter.com/lQg6DzSttr

— Deepak.eth ⛓ (@dt_chain) February 12, 2022

The CryptoPunk #5822 sold for 8000 ETH or about $23.7 million worth at the time of sale and Thapilyal purchased the NFT from the Larva Labs’ own marketplace which is the CryptoPunks developer. The previous top sale for Cryptopunk was $11.8 million and was purchased by DraftKings’ biggest shareholder Shalom Mackenzie at Sotheby’s in 2021. int the meantime, the biggest on-chain sale via Larva Labs marketplace came in December when one user sold his namesake Punk for $10.25 million worth of ETH. Thapliyal even tweeted he used leverage via DEFI protocol Compound Finance to pay for the CryptoPunk telling the founder Robert Leshner that thanks to Compound Finance, he was able to hold ETH while buying this and “long’d ETH to punk-in.”

His new Punk features Are the rarest avatar type and it is an alien. Nine crytpo Punks out of the entire collection of 10,000 avatars are exactly aliens. This one sold for 8 ETH or just over $1600 at the time back in 2017. the Saturday sale marks the fourth-highest sale for a single NFT like the Beeple one that holds the single-NFT sale record at $69.3 million from last March. This week’s sale of artist Pak’s CLOCK NFT so AssangeDAO came in second at a USD value of about $54 million. Beeple’s Human One pairs the physical/ digital hybrid sculpture with the NFTs, sold for $29 million, coming in at a third place. According to the data from CryptoSlam, the collection whcih Larva Labs released as a free-to-mint proejct generated more than $2 billion in secondary trading volume.