An investor has sold a non-fungial token (NFT) with a realized loss of virtually $ 10 million, which contradicts the continued decline within the once-fighting Blue-Chip NFT market.
A whale or a big cryptocurrency investor sold a cryptopunk -nft for 4,000 ether (Eth) value greater than 6 million US dollars on the time of writing.
The investor originally bought the NFT for 4,500 ETH or a 12 months ago around 15.7 million dollars.
“Has he only lost $ 500 ETH ($ 774,000)? No – he actually lost $ 9.73 million!” Lookonchain wrote in an X -Post. “When he bought it, $ ETH acted at 3,509 US dollars. When he sold, $ ETH had dropped 57%,” added the platform.
Buy and sell Cryptopunk. Source: Arkham Intelligence / Lookonchain
Despite the strong loss, the transaction of 6 million US dollars continues to be the most important NFT sale within the last 30 days.
Top NFT sales after 30 days. Source: Cryptoslam
The sale takes place during a time of stagnation for NFTS that haven’t any wider dealer interest. The NFT trade volume at Ethereum decreased by greater than 53% last month, while the NFT trade volume of polygon decreased by 41%.
According to rumors, Kryptopunk's that his owner, Yuga Labs, was a brief land price of 13%, “within the strategy of selling the mental property of the gathering, Coinelegraph reported on January 14.
Blue chip collections see steep drops
The top blue chip NFT collections have dropped significantly from their 2021 heights in the course of business activity.
Cryptopunks currently have a land price of around 43 ETH or $ 68,000, which was greater than 61% back in October 2021 in October 2021.
Cryptopunks NFT floor price, all-time chart. Source: NFTPRICEFLOOR
The floor price of the bored monkey yacht club has also dropped by 89%, while the gathering of the Mutanten -Ape Yacht Club has dropped by 93%, as NFTPRICEFLOOR data show.
However, the Pudgy Penguin collection stays an outlier. On December 16, 2024, it reached a brand new all-time high of over 25 ether and picked up the very best sales volume of over $ 72 million in the primary quarter of 2025, reported CoinTelegraph on March 28.
Source: Yuga Labs
At the start of March, the US Securities and Exchange Commission closed its three-year examination by Yuga Labs, an investigation that was initiated as a part of the previous chairman Gary Gensler, who aimed to look at NFT creators and marketplaces to find out whether some NFTs equivalent to Fractional NFTS were securities.
