In the context of continuous decline in NFT prices, a rare CryptoPunk NFT has just been sold for $6 million, resulting in a loss of up to $10 million.
CryptoPunk #3100 is one of only 9 Alien Punks among the original 10,000 collectibles, sold for 4,000 Ethereum at a price of -3.99%. According to Arkham's marking of the April 10 transaction on X, it was worth approximately $6.07 million. The art brokerage firm Fountain reportedly facilitated the transaction, which was ultimately completed through a private offer on the CryptoPunks market.
In March 2024, an anonymous seller bought this CryptoPunk for 4,500 ETH (about $16 million), which at the time was the third-largest transaction in CryptoPunk sales. However, due to a roughly 56% decline in Ethereum prices over the past year, the seller's 500 ETH loss converted into a net loss of $10 million.
CryptoPunk #3100 has now made it to the historical highest sales leaderboard of CryptoPunks three times, with previous sale prices of $7.58 million and $16.03 million. Although CryptoPunks remains a top avatar NFT collection, its financial performance has been impacted.
According to CoinGecko, the floor price of this collection has dropped by 67% from the historical high of 125 ETH set in 2021, with the current average price at 42.5 ETH. At that time, ETH was trading at about $3,500, with a floor price exceeding $400,000, whereas it is currently only $65,900.
As the popularity of NFTs and asset prices continue to decline, the industry is facing immense pressure. According to DappRadar's Q1 report, NFT trading volume fell to $1.5 billion in Q1 2025, a 24% decrease from Q4 2024.
Despite a slight decrease in trading activity, the significant drop in trading volume does not indicate a decline in user numbers, but rather a reduction in high-value transactions. CryptoPunks still holds a considerable market share, accounting for 23% of the global NFT market value of $2.7 billion.
