Bandana Carrying Cryptopunk NFT Smashes Records Selling for $23 Million in Ethereum

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Bandana Wearing Cryptopunk NFT Smashes Records Selling for $23 Million in Ethereum

The Cryptopunks non-fungible token (NFT) series has viewed a new myth because the NFT Cryptopunk #5822 equipped on Saturday for 8,000 ether or extra than $23 million. The brand new proprietor of the NFT, Deepak Thapliyal, the CEO of a blockchain firm known as Chain explained that he dilapidated leverage by technique of Compound Finance in inform to assemble the NFT.

Cryptopunk #5822 Sells for 8,000 Ethereum

A new Cryptopunks myth has been done on Saturday, February 12, 2022, when Deepak Thapliyal purchased Cryptopunk #5822 for 8,000 ETH price $23.3 million the usage of on the present time’s ether substitute charges.

Cryptopunks is a favored NFT compilation created in June 2017 by Larva Labs Studios. There are 10,000 completely different Cryptopunk NFTs (3,840 female and 6,039 male variations) all with completely different attributes. Since June 2017, Cryptopunks has viewed $2.57 billion in all-time sales quantity amongst 5,927 traders.

Cryptopunk #5822 sells for 8,000 ethereum (ETH) or extra than $23 million.

The recent ground stamp, which is presently the least costly Cryptopunks NFT you may per chance be in an area to purchase on the present time, is round $209K or 71.52 ether. Dappradar.com metrics clarify that the estimated rate for Cryptopunk #5822 is round $9.93 million or 3,397.89 ethereum.

The CEO of Chain.com, Deepak Thapliyal published he purchased Cryptopunk #5822. Thapliyal critical that he dilapidated Compound Finance to create the purchase and he can silent protect his ETH. “As a result of [Compound Finance], I am in an area to silent HODL ETH while shopping this. Most frequently Long’d ETH to punk-in. [Decentralized finance] FTW,” Thapliyal tweeted.

Metrics from cryptoslam.io’s seven-day statistics, the NFT series Cryptopunks has viewed $50.7 million in sales, up 69.35% this week. Thapliyal’s acquisition of Cryptopunk #5822 increased the series’s weekly sales and 24-hour sales jumped by 1,660.41%.

The two costliest Cryptopunks NFTs beneath Cryptopunk #5822’s rate encompass Cryptopunk #7523 purchased at a Sotheby’s auction for $11.8 million and Cryptopunk #3100 which equipped 11 months within the past for 4,200 ether. Four days within the past, Cryptopunk #5577 equipped for 2,501 ether or $7.7 million.

Dappradar.com statistics clarify Thapliyal is an avid collector of NFTs with 1,873 NFTs from 59 completely different collections with an estimated rate of round $64.63 million on the present time.

Tags in this story

$23 million, CEO of Chain.com, Compound Finance, Cryptopunk #5822, Cryptopunk NFT, cryptopunks, Cryptopunks series, Deepak Thapliyal, ETH, ether, Ethereum, Ethereum (ETH), leverage, nft, NFTs, Non-fungible Token

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Jamie Redman

Jamie Redman is the Recordsdata Lead at Bitcoin.com Recordsdata and a financial tech journalist dwelling in Florida. Redman has been an active member of the cryptocurrency neighborhood since 2011. He has a keenness for Bitcoin, start-provide code, and decentralized applications. Since September 2015, Redman has written extra than 5,000 articles for Bitcoin.com Recordsdata about the disruptive protocols emerging on the present time.

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Image Credit score: Shutterstock, Pixabay, Wiki Commons, Cryptopunk #5822, Twitter, Dappradar.com,

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