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  • Writer's pictureTeresa Pace

In March, CryptoPunks register yet another NFT sale totaling $16 million.

CryptoPunk #7804 was acquired for 4,850 ETH, equivalent to approximately $16.4 million at the time of the sale, marking the second-largest CryptoPunk NFT sale on record. This sale, along with another notable transaction involving a rare alien CryptoPunk fetching roughly $16 million in Ether, has drawn attention to the blue-chip NFT collection CryptoPunks, which saw unprecedented activity in March.

On March 20, CryptoPunk #7804 changed hands for 4,850 ETH, valuing the transaction at around $16.4 million. This sale claimed the title of the second-highest selling price for a CryptoPunk NFT, following closely behind another significant sale earlier in March.

Specifically, on March 4, CryptoPunk #3100 was sold for 4,500 ETH, amounting to roughly $16 million at the time, solidifying its position as the third-largest CryptoPunk sale prior to the recent #7804 transaction. Among the 10,000 NFTs in the CryptoPunks collection, #7804 stands out for its rarity, attributed to unique features.

The NFT boasts a forward-facing cap, a trait shared by only 254 CryptoPunks, along with a pipe (exclusive to 317 NFTs) and small shades (found in only 378 CryptoPunks). Yet, what truly distinguishes this digital asset is its classification as one of just nine alien CryptoPunks. Peruggia, the seller of the NFT, took to social media platform X to share sentiments regarding the sale, describing it as the "end of an era" and expressing regret for not maximizing its potential sooner.

Peruggia originally acquired the CryptoPunk in March 2021 for 4,200 ETH, valued at $7.5 million at the time, and held onto it for over three years despite receiving offers of around $18 million in 2022.

The transaction not only marked a significant milestone as the second-largest CryptoPunk sale but also garnered praise from the community, with many commending the seller for their decision and acknowledging the value of the NFT asset. The sale of CryptoPunk #7804 propelled the collection's sales volume to surpass that of other popular NFTs like NodeMonkeys and Mad Lads in weekly sales, with CryptoPunks recording $21.5 million in sales over the past seven days, according to NFT data tracker CryptoSlam.

With a surge in high-profile NFT transactions across various blockchain networks, the overall transaction volume for NFTs has experienced a notable increase, reaching $1.5 billion in sales volume over the last 30 days.

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