This is the fourth highest price for CryptoPunk NFT and a good morale booster at a time when NFT sales have bottomed out.
Although industry data indicate a sharp decline in NFT sales, there is quite a lot of data that indicates that interest in such assets is shifting from volume to value.
During one such sale, CryptoPunk NFT #2924 was sold for a whopping 3,300 ETH, equivalent to almost 4.5 million US dollars.
CryptoPunk NFT claims another better price
This is one of the highest prices since February 2022, when Punk #8522 was bought for 8000 ETH, which at that time was equivalent to $24 million, which at that time was the highest figure for punk.
The ape punk in a hoodie sold today is one of 24 ape punks and the 38th rarest of 10,000 created in 2017 by Larva Labs. It was last sold for 150 ETH, equivalent to almost $71,400, in November 2020.
In March 2022, Yuga Labs, the creator of the NFT Bored Apes Yacht Club (BYAC) and Mutant Apes Yacht Club (MAYC) collections, bought CryptoPunks intellectual property from Larva Labs. As a result, the minimum price of NFT Bored Ape Yacht Club recorded a colossal increase of 25% in 24 hours since the announcement on March 12.