CryptoPunk NFT 635 Sells for $12.41 Million (4,000 ETH)

CryptoPunk #635, one of the rare “AlienPunks” from the iconic CryptoPunks NFT collection, has sold for 4,000 ETH. The sale was worth $12.41 million at the time of the sale.

The transaction, which took place on April 25, marks the sixth-most expensive CryptoPunk sale to date, according to the CryptoPunks sales platform.

Key points:

• CryptoPunk #635 is one of only nine “AlienPunks” in the collection of 10,000 NFTs.
• The NFT features additional rare attributes, including a bandana and regular shades.
• The seller accepted a lower offer than a previous bid of 4,440 ETH ($16.38 million) made on March 5 and withdrawn on April 22.
• The sale is the third-most expensive CryptoPunk transaction this year.

The NFT’s status as one of only nine “AlienPunks,” as well as its additional rare features such as the bandana and regular shades, likely contributed to its high selling price.

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CryptoPunk NFT seller accepted a lower offer than a previous bid

Interestingly, the seller accepted a lower offer than a previous bid made on March 5. The NFT holder was offered 4,440 ETH, worth $16.38 million at the time, before withdrawing the bid on April 22.  

The transaction marks the third-most expensive CryptoPunk sale to occur in 2023. This is following the sale of CryptoPunk #7804 for 4,850 ETH ($16.42 million) on March 20 and CryptoPunk #3100 for 4,500 ETH ($16 million) on March 4. 

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The resilience of CryptoPunks’ value in the face of market volatility may be attributed to the collection’s status as one of the earliest and most iconic NFT projects. The notable sale also comes amidst a drop in the NFT market’s popularity.