Rare CryptoPunk Sells for $2.6M as Collection Continues Resurgence

The Tuesday sale was tied for the fifth largest in the collection’s history.

AccessTimeIconJul 13, 2022 at 3:38 p.m. UTC
Updated May 11, 2023 at 6:53 p.m. UTC

A rare CryptoPunk non-fungible token (NFT) sold for 2,500 ether (ETH), or roughly $2.6 million, Tuesday night, the latest major sale in the collection’s recent resurgence this summer.

  • What Do EigenLayer's Outflows of $2.3B Signal?
    00:57
    What Do EigenLayer's Outflows of $2.3B Signal?
  • What Do TradFi Crypto Moves Mean for Decentralization?
    04:20
    What Do TradFi Crypto Moves Mean for Decentralization?
  • Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
    02:02
    Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
  • Ether Slides as Grayscale's ETHE Outflows Ramp Up
    00:53
    Ether Slides as Grayscale's ETHE Outflows Ramp Up
  • The ape-traited NFT is the 32nd-rarest punk in the 10,000 edition collection, according to data from analytics platform Rarity.Tools. The sale was the fifth largest in the collection’s history.

    Based on CryptoPunk #4464’s estimated market value, the eye-popping sale was a fair deal for both the buyer and seller. NFT price estimator DeepNFTValue had the collectible valued at 2595 ETH (roughly $2.7 million) at the time of sale, just a 4% difference from its final price.

    The buyer was pseudonymous NFT whale “zoomc,” whose collection now includes 24 CryptoPunks and 113 Meebits.

    CryptoPunk summer

    The sale wasn’t the only notable CryptoPunk moment on Tuesday. CryptoPunk #9280, another ape-traited edition, received a $2.6 million bid of its own two hours after CryptoPunk #4464’s bid was accepted. The bid for CryptoPunk #9280 had not been accepted as of press time, however.

    The buzzy bids come amid a summer resurgence for the blue chip collection despite a downturn in the larger crypto markets. The collection’s floor price is now up to 77 ETH (roughly $90,000), a 61% increase in the last 30 days, with overall sales and interest picking up significantly since the start of June.

    Some of that interest might be due to the project’s new brand lead, Noah Davis. Davis was hired on June 19 by Yuga Labs, creators of the Bored Ape Yacht Club NFT collection, which acquired the rights to the CryptoPunk collection in March.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Eli Tan

    Eli was a news reporter for CoinDesk. He holds ETH, SOL and AVAX.