Deepak decided to sell his NFT collection

Due to the fall of the crypto market and, in particular, the segment of non-fungible tokens, some owners of NFT tokens decided to arrange a sale of their assets. One of these people was Deepak, who is known for having the most expensive tokens in his assets. Deepak Tapryal is the owner of the highest priced CryptoPunks collection token. In February of this year, he purchased Alien Punk #5822 for 8,000 Ethereum, which is equivalent to $23,700,000.

Such a deal was included in the Guinness Book of Records, but it is worth noting the omission of the editors of the book of records. The latter did not take into account another transaction made earlier in the NFT coin market. Last March, Mike Winkelman, a well-known artist who publishes his work under the pseudonym Beeple, sold "Everydays: The First 5000 Days" at Christie's for $69,300,000. Something that has never happened before and is unlikely to happen again in the foreseeable future.

Deepak Tapryal announced that he intends to sell not only his expensive Alien Punk asset, which he bought for $23,700,000, but also the rest of the coins from the collection. It includes nine representatives of the Tiffany Punks collection, six tokens of the most hyped Bored Ape Yacht Club collection, one NFT Gold Ape number 232 and three representatives of the Mutant Apes. Deepak's assets include not only NFT tokens, but also other holdings. For example, Tapriyal has four parcels of land in the Otherside metaverse and a unique Web 3.0 Ethereum Name Servise domain name called helix.eth.

By the way, the cost of his Alien Punk from the CryptoPunks collection is still a record 8,000 Ethereum, and the total number of Deepak assets is 36 NFT tokens. The top 2 most expensive of his tokens include a monkey numbered #9452 from the collection of Bored Ape Yacht Club. Its cost is 347 Ethereum.

Alien Punk from the $23,700,000 Crypto Punks Collection

Most likely, Deepak Tapriyal decided to sell his collection due to the decline in the entire NFT market and believes that this area is no longer promising. In fairness, we note that now not only the segment of non-fungible tokens is going through hard times, but the entire crypto market as a whole. Bitcoin and altcoins have been moving in a global downtrend for a long time and the bear market will not end, apparently, very soon, although many analysts predict “to the moon”.

You can read more about the current situation in the NFT market in our material . In short, we recall that the sphere of non-fungible tokens received a big blow after November 7 with the bankruptcy of the American crypto exchange FTX. Such an event not only negatively affected their FTT token, but also shook the entire cryptocoin market in general. Despite this, it is also impossible to call 2022 a positive year for the NFT. Over the past 11 months, the performance of non-fungible tokens has been rather disappointing and shows a negative trend, although it was during this period that a record deal was recorded. If you pay attention to the whole year as a whole, you can see that the indicators sank quite strongly.

At the beginning of 2022, the trading volume of NFT tokens exceeded $150,000,000 per day. Now all over the world, non-fungible token traders are transacting $12,000,000+ daily. The Nonfungible service shared these statistics. By the way, only one Bored Ape Yacht Club collection is traded in excess of $11,300,000, which once again indicates the excessive popularity of this collection. The second exception to today's circumstances is fan tokens. This can be explained by the upcoming World Cup. Fans trade the tokens of their favorite teams on a daily basis, which saw a +74% increase in this niche area.