A Rare CryptoPunks NFT Sells For $3.3M As NFT Market Climbs

A rare CryptoPunks NFT just got sold for 2,691 ETH ($3.3 million) amid the current market downturn with ETH currently trading for around $1,200. Punks Community Thinks Otherwise On Friday morning, an NFT Punk #4156, whose rare traits include an “ape appearance and a blue bandana,” was sold for 2,691 ETH, roughly $3.3 million. While this might seem like an enormous number to an average person, others in the Punks community thought it was quite a lowball offer. “$3.2m is a joke for that ape but it might be tempting for the holder to accept,” Tank, owner of Punk #4227, wrote in a Twitter post before the bid was accepted. Thank you… I have been saying this all day. This is so bearish that sellers are selling the holy grail of all NFTs. Easily worth 25mil in my eyes. — borovik.eth 🙈 (@3orovik) July 15, 2022 “Easily worth 25mil in my eyes,” tweeted borovik.eth, who owns Punk #3938. Meanwhile, Janik.sol, who claims to have bought Punk #4156, sees the purchase as a gateway to “generational wealth.” I bought BAYC at $400k each and held them to $100k. I need a Punk to yolo my life savings into generational wealth Why did I buy them? Because I know that punks can be worth something I will be here when the bear is over — Janik.sol  (@Jan1kkk) July 15, 2022 Profit In ETH, Loss At USD Value The same NFT was purchased back in December 2021 for 2,500 ETH. It is 191 ETH less from today’s sale but was worth $10.26 million in December since ET...