Tue, February 27

Anonymous Ethereum Whale Buys More Than 100 CryptoPunk NFTs

Anonymous Ethereum Whale Buys More Than 100 CryptoPunk NFTs NFT News

The CryptoPunk non-fungible token (NFT) has been a major player in the NFT market till date since its launch four years back. It has made a benchmark upon the NFT market being a prominent player and bringing in huge amounts of money. Furthermore, on Friday an anonymous buyer has bought nearly 100 CryptoPunks in a single shot continuously, following for 2 days straight. This anonymous buyer is surely an Ethereum (ETH) whale, in regards to buying such extensive amounts of CryptoPunks.

Buying of 100 CryptoPunks

CryptoPunks are one of the most valued NFTs on the market. One who ought to get into the NFT market should never miss the opportunity of buying a CryptoPunk. 

The news spread like hot fire on Friday when an anonymous buyer bought 100 CryptoPunks back to back continuously for the next 2 days. This buying accounts for nearly more than 1% of the total CryptoPunks present in the market.

 Also, it’s suspected that this buyer is an Ethereum (ETH) whale, as the buyer spent almost nearly $8 million worth of ETH. Besides, this evaluates that the buyer has bought all these CryptoPunks at the price ranging from 24 to 30 ETH approximately.

On the other hand, this surge buying of CryptoPunks is evident in the epic drastic rise in CryptoPunks sales. Accordingly, from July 28 the sales rose high reaching an all-time high of 299 sales on July 31. 

Also, it’s evident that this anonymous ETH whale has contributed significantly towards this ATH record for CryptoPunks sales.

The CryptoPunks So Far

The CryptoPunks are nothing but a non-fungible token (NFT) which was initially launched in the year 2017. These CryptoPunk NFTs are pixelated images of exactly 10,000 different punk and funky-looking characters with distinctive features. Also, the highlight epic point of these CryptoPunks is that no one CryptoPunk is the same. All the 10,000 CryptoPunks are unique and different from one another.   

Besides, these CryptoPunks are purely developed and they operate upon the Ethereum blockchain alone. They were developed by a team consisting of just two individual software developers, Matt Hall and John Watkinson. In addition, these were developed as a test to run on the ERC-721.

However, owning a CryptoPunk is surely a pride and extremely profitable seeking to the fact it has an active resale market, extremely high on demand. No wonder why the anonymous ETH whale preferred to spend nearly 3000 ETH on these NFTs.

Recommended for You

A Project Engineer by profession, a writer by passion. Especially into the critics and skeptics on cryptocurrency. His fascination towards the crypto world and his personal experience on it has made him a writer with a taste.