CryptoPunk NFT Sells for $6 Million, Marking a $10 Million Loss for Seller

A rare CryptoPunk NFT, known as CryptoPunk #3100, was sold for approximately $6 million, resulting in a staggering $10 million loss for the seller. This transaction highlights the ongoing decline in the NFT market, particularly for high-value collectibles, as the value of Ethereum has plummeted over the past year.

Key Takeaways

• CryptoPunk #3100 sold for 4,000 ETH, equivalent to about $6 million.

• The seller originally purchased the NFT for 4,500 ETH, valued at $16 million at the time.

• The loss is attributed to a significant drop in Ethereum's value, which has decreased by approximately 56% over the past year.

• The NFT market continues to cool, with trading volumes declining significantly.

The Sale of CryptoPunk #3100

CryptoPunk #3100 is one of only nine Alien Punks in the original collection of 10,000. The NFT was sold on April 10, 2025, through a private transaction facilitated by an art brokerage firm. The sale price of 4,000 ETH, while still substantial, represents a significant drop from its previous purchase price.

Factors Behind the Loss

1. Ethereum Price Decline: The price of Ethereum has fallen from around $3,500 to approximately $1,568, leading to a drastic reduction in the dollar value of the NFT.

2. Market Conditions: The NFT market has seen a general downturn, with many high-profile collections experiencing significant price drops. The floor price for CryptoPunks has decreased by 67% from its all-time high.

Impact on the NFT Market

The sale of CryptoPunk #3100 is indicative of broader trends in the NFT market:

• Declining Trading Volumes: NFT trading volume fell to $1.5 billion in Q1 2025, a 24% decrease from the previous quarter.

• Price Adjustments: The average floor price for CryptoPunks is now around 42.5 ETH ($65,900), down from over $400,000 at the peak of the market.

• Rarity and Value: Despite the downturn, the rarity of CryptoPunk #3100 has allowed it to maintain a multi-million dollar price tag, although it is now the lowest price for an Alien Punk since the collection's rise in popularity.

Conclusion

The sale of CryptoPunk #3100 serves as a stark reminder of the volatility in the NFT market. As prices continue to decline, investors are left grappling with significant losses, raising questions about the future of high-value digital collectibles. The NFT landscape is evolving, and while some pieces retain their value due to rarity, the overall market sentiment remains cautious as trading volumes and prices continue to fall.

Sources

• Trader Takes Loss of $10M on Selling a Single CryptoPunk NFT, The Crypto Times.

• Trader takes $10m loss on rare CryptoPunk as NFT rout worsens – DL News, www.dlnews.com.

• Rare Alien CryptoPunk NFT Sells for $6 Million, Owner Takes $10 Million Loss, CoinCentral.

• Someone just lost $10 million selling their CryptoPunk NFT, The Block.

• Investor sells CryptoPunk NFT for $6M absorbing a $10M loss, Crypto News.