Yesterday, the CryptoPunks #273 NFT token was sold for 55 ETH, which is $125,000 at the time of writing. This is 210 ETH less than the stated price. In fact, the last ten CryptoPunks NFT sales prior to this one were also sold at a loss.
Last year, the former owner of CryptoPunks #273 NFT purchased it for 265 ETH. This essentially means that the collector sold his CryptoPunk NFT for 80% less. This decision may cause misunderstanding from the community, because the token has rare characteristics, for example, large shadows and a cap (only 5% of NFTs from this collection have such features).
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As mentioned above, this is just one of the few collection tokens that were sold at a loss. The community, meanwhile, wonders why the last ten cryptopunks have been underestimated.
Some NFTs (like CryptoPunk #273) did sell at a loss this month. However, it still ranks among the top 20 NFT collections in terms of trading volume. Moreover, the most expensive cryptopunk was sold in February 2022. 8,000 ETH or $23 million was raised for this token.
Despite the current situation, the CryptoPunks collection as a whole remains one of the most valuable in the NFT space. Moreover, the project continues to gain momentum among giant real-life brands. For example, the jeweler Tiffany & Co. Alexander Arno recreated his CryptoPunk #3167 as a piece of jewelry. It includes yellow diamonds, sapphire and Mozambican ruby baguette glasses.
