New records have been set for Cryptopunks’ non-fungible token NFT (NFT), collection. The NFT Cryptopunk #5822 was sold Saturday for more than $23M or 8,000 Ethereum. Deepak Thapliyal (CEO of Chain Blockchain Firm) is the new owner. He explained how he leveraged Compound Finance to purchase the NFT.
Cryptopunk #5822: Sells for 8000 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 was a well-known NFT collection that Larva Labs Studios created in June 2017. There are 10,000 Cryptopunk NFTs, including 3,840 male and 6,039 female versions. Each has different attributes. Cryptopunks saw $2.57 trillion in annual sales between 5,927 traders since June 2017.
The floor price is $209K, or 71.52 Ethereum. Dappradar.com data indicate that Cryptopunk #5822’s estimated value is $9.93 Million or 3,397.89 ethereum.
Deepak Thapliyal is the CEO of Chain.com. purchasedCryptopunk #5822. Thapliyal stated that he bought the ETH through Compound Finance. He can also keep his ETH in good standing. “Thanks to [Compound Finance]I can still HODL ETH and buy 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. Cryptopunk #5577, which was valued at $7.7m or 2,501 ether, sold just four days earlier.
Dappradar.com stats indicate that Thapliyal, an avid collector NFTs, has 1,873 NFTs in 59 collections and an estimated worth of $64.63 Million today.
You think Cryptopunk #5822 is worth 8000 ether, or $23,000,000? Comment below and let us know how you feel about the subject.
Image credit: Shutterstock. Pixabay. Wiki Commons. Cryptopunk #5822. Twitter. Dappradar.com.
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