CryptoPunk NFT Sells for $16 Million, Marking Second-Highest Sale Ever

The sale of CryptoPunk #3100 for 4,500 ETH highlights a resurgence in the NFT market amid a broader crypto rally.

An anonymous buyer purchased CryptoPunk #3100, one of the rare Alien Punks, for 4,500 ETH, equivalent to about $16 million, marking it as the second-highest sale price for a CryptoPunk NFT.
The sale outbid a previous offer of 4,250 ETH, or approximately $14.5 million, showcasing a renewed interest and competitive bidding in the NFT market.
This significant transaction coincides with a broader crypto market rally, with Bitcoin approaching all-time highs and Ether up 51% year-to-date.
CryptoPunk #3100's sale reflects a resurgence in the NFT market, reminiscent of the peak digital collectibles market during the pandemic.
The CryptoPunks collection, a pioneer in the NFT space, has generated over $2.75 billion in trading volume since its inception.