CryptoPunk Alien NFT Trader Incurs $10M Deficit Following Transaction

An unidentified NFT collector recently offloaded one of the rare Alien CryptoPunks for 4,000 ETH, equivalent to roughly $6.07 million, resulting in a $10 million loss compared to its previous sale. The particular NFT, known as Punk #3100, is one of just nine Alien Punks from the original 10,000-piece collection by Larva Labs launched in 2017.

Last year, this NFT sold for 4,500 ETH, valued at over $16 million, marking the third most expensive single NFT transaction. Despite their rarity and popularity, CryptoPunks have not been immune to the recent NFT market downturn, with their asking price dropping nearly 43% in the past three months.

Yuga Labs, the present holder of the intellectual property rights, has no plans to divest despite speculation.