CryptoPunm #924 sold for $735,000

Yesterday, an unknown user purchased an NFT token from the CryptoPunk collection, number 924, for 475 Etherium units, which exceeds $735,000 at the current exchange rate. This was reported by the corresponding bot on Twitter, which monitors the purchases and sales of the cryptopunk collection.

According to experts, such events may indicate the maintenance of a high level of interest in the most popular NFT tokens and collections, despite the fact that there is a global downward trend in the crypto market and the NFT segment has not remained an exception against this background.

Based on the data of the Rarity.Tools platform, which evaluates the rarity of a particular coin, CryptoPunk #924, bought for $735,000, the uniqueness level of the purchased token is 132.39 units, which is not too much. CryptoPunk number 924 is in the top of the rarest tokens at 2327. The main features of CryptoPunk #924, which distinguishes the token from other similar tokens, are large glasses, an earring in his ear, a punk beard and a hoodie in which he is wearing. The new owner of the token from the CryptoPunk collection, number 924, now has two tokens.

The history of the development of CryptoPunk tokens is quite interesting. If the no less famous Bored Ape Yacht Club collection appeared in 2021 and almost from the very beginning got a lot of attention around it, then CryptoPunks, in turn, have been waiting for their popularity for 4 years. The set of tokens appeared in 2017, and during the NFT boom last year, cryptopunks became really big in popularity with the large purchases and sales of tokens that accompanied this phenomenon.

Several tokens have been sold for massive amounts in excess of the $1,000,000 threshold. The main reason for their purchases by entrepreneurs and celebrities was a public demonstration of maintaining modern trends, and at the same time their own viability, since not everyone can afford to buy visual cards for fabulous sums.

CryptoPunk is one of the few NFT segments that is still doing well and holding its own. In general, this area suffers significant drawdowns. The third quarter of 2022, along with the crypto winter, marked dark times for the NFT token industry. Their total sales fell by 60%.