Six Recent CryptoPunks Sales & What They Mean for the Market

As cryptocurrency plummets, the OG NFTs — CryptoPunks — are on the ropes.

Many lovers of NFTs had speculated that this wouldn't be the case because as Ethereum went down, the Ethereum as a cost for an NFT would just go up to match its price in dollars.

The blockchain, the word for the ledger that exists with crypto and NFT transactions, isn't as transparent as it pretends to be. People can still make trades to their own wallets since the wallets themselves aren't labeled and off-market deals happen that just show up as a transfer on the chain with no financials attached.

That said, it does give us a fascinating look into certain assets and their history.

We looked at six recently sold CryptoPunks, what they sold for, what they were bought for and what was the highest offer that the owner turned down.

CryptoPunk 5197

• Bought on 8/5/21 for $180,265
• Highest declined offer on 10/22/21 for $535,320
• Sold on 1/20/22 for $274,618

CryptoPunk 385

• Bought on 12/24/21 for $430,819
• Highest declined offer on 12/27/21 for $692,715
• Sold on 1/20/22 for $303,294

CryptoPunk 4526

• Bought on 10/1/21 for $900,246
• Highest declined offer on 10/1/21 for $1.02 million
• Sold on 1/21/22 for $587,463

CryptoPunk 6875

• Bought on 2/19/21 for $69,214
• Highest declined offer on 12/27/21 for $528,324
• Sold on 1/21/22 for $279,922

CryptoPunk 457

• Bought on 4/13/21 for $96,496
• Highest declined offer on 8/28/21 for $807,020
• Sold on 1/21/22 for $342,578

CryptoPunk 6585

• Bought on 11/13/21 for $515,437
• Highest declined offer on 11/14/21 for $811,115
• Sold on 1/24/22 for $163,958