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An anonymous NFT collector suffered a $10 million loss after selling a rare Alien CryptoPunk for 4,000 ETH ($6.07M), far below its previous $16M valuation. The transaction highlights the volatility in the NFT market amid Ethereum’s price decline.
- Alien CryptoPunk #3100 sold for 4,000 ETH ($6.07M), resulting in a $10M loss compared to its 2022 sale at 4,500 ETH ($16M).
- CryptoPunks' floor price has dropped 43% in three months, reflecting broader NFT market declines.
- Yuga Labs, owner of CryptoPunks IP, dismissed rumors of a potential sale despite investor interest.
📎 Related coverage from: cryptopotato.com
Related Tags: Ethereum
Other Tags: Greg Solano, Yuga Labs, Arkham Intelligence, Bored Ape Yacht Club, CryptoPunks, Larva Labs, NFT