CryptoPunks Alien NFT Sold for a Staggering $16 Million

The CryptoPunks non-fungible token (NFT) collection gained attention with a groundbreaking sale of CryptoPunk #7804 on March 20.

The rare alien NFT was sold for 4,850 Ether (ETH), equivalent to approximately $16.4 million at the time, making it the second-highest sale in the collection's history.

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CryptoPunk #7804 is distinguished by its rare attributes, including its forward-facing cap, pipe, and small shades—features that are limited among the 10,000 NFTs in the collection. Its status as one of only nine alien-themed CryptoPunks adds an extra layer of rarity and desirability.

The seller, known as Peruggia, reflected on the sale on X, describing it as "the end of an era" and sharing relief at finally giving the piece the recognition it deserves.

Peruggia acquired the CryptoPunk in March 2021 for 4,200 ETH ($7.5 million at the time) and held onto it for over three years, even turning down an offer of around $18 million in 2022.

The community's response to the sale has been overwhelmingly positive. One X user said:

We all thought of it as “Peruggia’s alien” in the best of ways. You are amazing and were a great custodian. And we’re forever lucky to have you in this community.

This sale, along with other significant sales earlier in March, has pushed the CryptoPunks' sales volume to over $21.5 million in the last seven days, according to data from NFT tracker CryptoSlam.

Beyond CryptoPunks, the broader NFT market has also experienced a surge in sales volume, with over $1.5 billion in sales recorded across various blockchain networks in the last 30 days.

As collectors and investors continue to seek out rare and unique digital assets, the boundaries of what is valuable in the digital space are being redefined, signaling a promising future for NFTs.

In other NFT-related news, earlier this year, soccer star Cristiano Ronaldo collaborated with Binance aiming to offer exclusive experiences for his NFT holders.

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