CryptoPunk NFT Sale Highlights Ongoing Market Decline

According to Cointelegraph, a significant loss was recorded in the NFT market as an investor sold a CryptoPunk non-fungible token (NFT) at a nearly $10 million loss. This transaction underscores the persistent downturn in the once-thriving blue-chip NFT sector. The investor, identified as a whale due to their substantial cryptocurrency holdings, sold the CryptoPunk NFT for 4,000 Ether (ETH), valued at over $6 million at the time of the sale. Originally, the NFT was purchased for 4,500 ETH, approximately $15 source: https://www.binance.com/en/square/post/22819548849433?utm_source=BinanceNewsRSS