This NFT Loss Wasn’t $800K — It Was $9.7M
A $CryptoPunk was sold at a loss of 500 $ETH.
That’s about $800K, right?
Wrong. The real loss was over $9.7M.
Here’s why:
The buyer purchased CryptoPunk #3100 for 4,500 ETH in 2023.
At that time:
4,500 ETH ≈ $15.79M
It was sold recently for 4,000 ETH.
Today:
4,000 ETH ≈ $6.06M
That’s a $9.73M USD loss—even though it was just a 500 ETH drop.
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Why does this happen?
Because $ETH has crashed in USD terms.
And while DeFi runs on ETH, most of us live in a USD world.
ETH is a closed ecosystem.
If ETH tanks, everything priced in ETH follows.
So yes, ETH is the future. But your real-world losses are still measured in fiat.
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Always watch the charts—but also watch the FX rates.
