Alien Cryptopunk Sells for $16M Amidst Sluggish ETH NFT Market

In a surprising turn of events, an Alien Cryptopunk (Punk 3100) has fetched a staggering $16,000,000, following a swift acceptance of a bid amounting to 4,500 ETH. This sale marks the second-largest on-chain transaction within the Cryptopunks collection, with the largest sale recorded at $23.7 million for 8,000 ETH, and the third largest at $10.26 million for 2,500 ETH.

The transaction, which took place amidst a downturn in the ETH NFT market, has captured the attention of investors and crypto OGs. The last sale of similar magnitude occurred nearly three years ago on March 11th, 2021, when the same Cryptopunk was sold for $7.58 million, equivalent to 4,200 ETH.

The allure of the Alien attribute within the Cryptopunks collection cannot be overstated, with only 9 such Punks in existence. This attribute, along with Apes and Zombies, remains among the most coveted attributes for collectors and investors in the NFT space.

As excitement builds around this transaction, market participants are speculating that this landmark sale could serve as a catalyst for renewed interest in the broader NFT marketplace.

The resurgence of activity following the Alien Cryptopunk sale has reignited optimism among holders of ETH NFTs, who view it as a potential signal of a revival.