On Saturday, Cryptopunks non-fungible token (NFT) #5822 was sold for 8,000 ETH, which is almost $23 million. Deepak Thapliyal, the CEO of Chain, the new owner of the NFT, claimed that he bought the NFT through the use of Compound Finance, according to a press release.
Cryptopunk cost 8,000 Ethereums
Deepak Thapliyal purchased Cryptopunk #5822 on Saturday, February 12, 2022, for 8,000 ETH, which is equivalent to $23.3 million at today’s ether exchange rates.
Cryptopunks was released by Larva Labs Studios in June of this year. NFTs with unique characteristics are found in 10,000 Cryptopunk NFTs (3,840 female and 6,039 male). As of June 2017, a total of 5,927 traders have sold a total of $2.57 billion worth of cryptocurrencies.
The current minimum price is around $209K, which is equivalent to 71.52 ether. According to Dappradar.com, Cryptopunk #5822 is estimated to be worth $9.93 million or 3,397.89 ethereum, or 3,397.89 bitcoin.
Deepak Thapliyal, the founder and CEO of Chain.com, bought NFT #5822. Thapliyal stated that he bought the ETH through Compound Finance and that he still owns it. “Thanks to Compound Finance, I can still keep my ETH while I buy it.” ETH has taken a long time to enter the market. It’s about time,” Thapliyal wrote on Twitter.
According to seven-day sales data from cryptoslam.io, the NFT collection has sold $50.7 million, which is a 69.35% increase from the previous week’s figures. Thapliyal’s purchase of Cryptopunk #5822 saw a 1,660.41 percent increase in weekly and daily sales.
NFT #7523 sold for $11.8 million at a Sotheby’s auction last year, while Cryptopunk #3100 sold for 4,200 ether just 11 months ago, according to CoinMarketCap. Coin #5577 sold for 2,501 ethers, or $7.7 million, when it was auctioned.
According to Dappradar.com, Thapliyal owns 1,873 NFTs across 59 collections worth an estimated $64.63 million.
