Sold for 4,850 ETH, Alien Punk NFT Becomes No.2 Most Expensive CryptoPunk Sold

Bittime - The world of NFT (Non-Fungible Token) is again in a frenzy with fantastic sales. This time, a rare CryptoPunk , namely "Alien Punk", was successfully sold for 4,850 ETH (Ethereum) or around 16.42 million US dollars at the time of sale (March 20, 2024).

This transaction made history as the second most expensive CryptoPunk sale, both measured in ETH and US dollars. The previous record high was held by CryptoPunk #3100 which sold for 4,500 ETH (approximately 16.03 million US dollars) earlier this year.

What is an "Alien Punk" CryptoPunk?

CryptoPunk is a highly sought after Ethereum-based NFT collection. There have only been 10,000 CryptoPunk collectibles ever created, and nine of them have rare attributes: blue heads and sunglasses, known as “Alien Punks.” This rarity is what makes "Alien Punks" a target for crypto collectors.

The fantastic price paid for the “Alien Punk” CryptoPunk reflects its rarity, the historical value of the CryptoPunk collectible, and the long-term investment potential seen by the buyer. Ownership of these NFTs is considered a status symbol among the crypto community and collectors of digital goods.

This purchase is now the fifth most expensive NFT sale of all time. The record is still held by Mike “Beeple” Winkleman, whose digital painting collection “Everydays: The First 5000 Days” captured international attention when it was sold at auction by Christie's for $69.3 million in March 2021, helping to spark the initial NFT fever.

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Why Can NFTs Sell for So Much?

The fantastic prices paid for these NFTs are driven by several factors:

• Rarity: Some NFTs, such as the “Alien Punks” in the CryptoPunk collection, have only a few versions ever created, increasing their collectible value.
• Historical Value: Historically significant NFTs, such as “Clock” by Assange and Pak, may have higher value due to their association with certain events or figures.
• Investment Potential: Some collectors believe that these NFTs have long-term investment potential and high resale value in the future.
• Status Symbol: Ownership of certain NFTs is considered a status symbol among the crypto community and collectors of digital goods.

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Impact of Sales on NFT Market

This sale is a strong indicator that interest in NFTs, especially well-known collections like CryptoPunk, is still maintained. This has the potential to attract more investors and collectors into the NFT space, while driving the growth of the NFT market as a whole.

Conclusion

The sale of CryptoPunk "Alien Punk" for 16 million US dollars is clear evidence of the high value of this unique digital asset. Rarity, historical value and investment potential are the main factors driving this fantastic price. This transaction signals a bright future for the NFT market, especially for rare and historic digital collectibles.

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How to Buy Ethereum (ETH) on Bittime

You can buy and sell  Ethereum (ETH)  in an easy and safe way via  Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Ethereum (ETH)  is available on Bittime with the market pair  ETH/IDR .  To be able to buy  ETH/IDR  at  Bittime,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on  Bittime  is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy Ethereum (ETH) on Bittime. 

Monitor price chart movements   for Ethereum (ETH) ,  Bitcoin (BTC) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Understanding the NFT Profile Picture Phenomenon: Getting to Know NFT Avatars and Their Popularity

CryptoPunk Sells for $16 Million: The Era of NFT Markets is Back?

ApeCoin, Pixels, And YGG Are Ready To Open Tokens Worth Nearly $250 Million

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.