TechFlow news, April 12 — blockchain analytics platform Lookonchain reported that a cryptocurrency whale sold a CryptoPunk NFT for 4,000 ETH (approximately $6 million). The investor originally purchased the NFT one year ago for 4,500 ETH (around $15.7 million). Given that the ETH price was $3,509 at purchase and had fallen by 57% at the time of sale, the actual loss amounted to $9.73 million.
According to CryptoSlam data, despite the significant loss, this transaction remains one of the largest NFT trades in the past 30 days. Currently, the floor price of CryptoPunks is around 43 ETH (about $68,000), down over 61% from its all-time high of 113.9 ETH in October 2021. This transaction reflects the ongoing slump in the once-booming blue-chip NFT market, with NFT trading volume on Ethereum falling more than 53% over the past month.
