The owner of one of the most iconic NFTs from the CryptoPunks collection — token #3100 — has sold it at a multimillion-dollar loss. Purchased in March 2024 for 4,500 ETH (approximately $16 million at the time), it was recently sold for 4,000 ETH, which currently equals around $6 million. The loss amounts to roughly $10 million.
According to nftpricefloor, the purchase of Cryptopunk #3100 in spring 2024 ranked among the top three most expensive NFT deals in history by dollar value. The new lower sale price reflects a broader decline in interest across the sector — in both trading activity and collection liquidity.
Trading volumes for leading NFT collections such as CryptoPunks, Bored Ape Yacht Club, Azuki, and Pudgy Penguins have been declining since 2022. The last few weeks have been particularly weak: rare tokens are trading less frequently, and prices are significantly below their historical peaks.
Rumors of a Sale of CryptoPunks IP
Earlier in January, rumors spread within the Web3 community suggesting that Yuga Labs might be planning to sell the intellectual property rights to CryptoPunks. NFT researcher Wale Moca shared the claim on X, citing unnamed insiders.
Yuga Labs co-founder Greg Solano responded to the post with a brief comment: “Nothing.” He added that the company regularly receives offers but that no deal would be made unless it contributes to the project’s long-term value.
Context NFT Market Continues to Shrink
Since the peak sales period of 2021–2022, the non-fungible token market has been on a consistent downward trend. Since the beginning of 2025, each consecutive month has recorded lower sales volumes than the previous one. Collections once considered elite assets are losing value amid decreasing liquidity, waning institutional interest, and challenges in maintaining brand relevance.
Read Also:
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- User Takes Record $2.75M Loan Backed by CryptoPunks
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