Skip to main content

Bandana Wearing Cryptopunk NFT Smashes Records Selling for $23 Million in Ethereum

Bandana Wearing Cryptopunk NFT Smashes Records Selling for $23 Million in Ethereum

The Cryptopunks non-fungible token (NFT) collection has seen a new record as the NFT Cryptopunk #5822 sold on Saturday for 8,000 ether or more than $23 million. The new owner of the NFT, Deepak Thapliyal, the CEO of a blockchain firm called Chain explained that he used leverage via Compound Finance in order to acquire the NFT.

Cryptopunk #5822 Sells for 8,000 Ethereum

A new Cryptopunks record has been achieved on Saturday, February 12, 2022, when Deepak Thapliyal purchased Cryptopunk #5822 for 8,000 ETH worth $23.3 million using today’s ether exchange rates.

Cryptopunks is a popular NFT compilation created in June 2017 by Larva Labs Studios. There are 10,000 different Cryptopunk NFTs (3,840 female and 6,039 male versions) all with different attributes. Since June 2017, Cryptopunks has seen $2.57 billion in all-time sales volume among 5,927 traders.

The current floor price, which is currently the least expensive Cryptopunks NFT you can purchase today, is around $209K or 71.52 ether. Dappradar.com metrics indicate that the estimated value for Cryptopunk #5822 is around $9.93 million or 3,397.89 ethereum.

The CEO of Chain.com, Deepak Thapliyal revealed he purchased Cryptopunk #5822. Thapliyal noted that he used Compound Finance to make the purchase and he can still hold his ETH. “Thanks to [Compound Finance], I am able to still HODL ETH while buying this. Basically Long’d ETH to punk-in. [Decentralized finance] FTW,” Thapliyal tweeted.

Metrics from cryptoslam.io’s seven-day statistics, the NFT collection Cryptopunks has seen $50.7 million in sales, up 69.35% this week. Thapliyal’s acquisition of Cryptopunk #5822 increased the collection’s weekly sales and 24-hour sales jumped by 1,660.41%.

The two most expensive Cryptopunks NFTs below Cryptopunk #5822’s value include Cryptopunk #7523 purchased at a Sotheby’s auction for $11.8 million and Cryptopunk #3100 which sold 11 months ago for 4,200 ether. Four days ago, Cryptopunk #5577 sold for 2,501 ether or $7.7 million.

Dappradar.com statistics indicate Thapliyal is an avid collector of NFTs with 1,873 NFTs from 59 different collections with an estimated value of around $64.63 million today.

What do you think about Cryptopunk #5822 selling for 8,000 ether or $23 million? Let us know what you think about this subject in the comments section below.



from Bitcoin News https://ift.tt/pBPav3H
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...
10 comments
Read more

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought...
Post a Comment
Read more

2021 Bitcoin Price Predictions: Analysts Forecast BTC Values Will Range Between Zero to $600K

As bitcoin has touched new price highs on Thursday nearing the $50k handle, people have been curious as to where the price will go in the future. Meanwhile, despite the gains so far, a number of luminaries, analysts, executives, and proponents from the crypto space believe the leading crypto asset will reach between $60k to six-digits this year. Mike Novogratz Predicts $100K Bitcoin: ‘Other CFOs and CEOs Are Saying, What Should We Be Doing?’ Satoshi Nakamoto’s invention has gained mass appeal in recent times as the leading digital asset bitcoin ( BTC ) has reached its highest value ever in 2021. On Thursday morning (EST), BTC spiked to an all-time high (ATH) at $48,697 per unit. Earlier in the morning at around 2 a.m., bitcoin was exchanging hands for $44,485 and saw an 8.98% increase since then. At the time of publication, at 6:30 p.m. (EST) on February 11, 2021, bitcoin (BTC) is swapping for $47,821 per coin. With BTC so close to the $50k mark, people have been forecasting ...
Post a Comment
Read more