A marquee NFT just sold at a massive discount, signaling further weakness in the once red-hot digital collectibles market.
CryptoPunk #3100, among the rarest in the 10,000-piece collection and one of only nine “alien” punks, was sold Friday for 4,000 ETH. The sale marks a loss of 500 ETH — over $10 million — from its previous purchase price, amid declining Ethereum prices and waning NFT demand.
Despite its rarity, the sale reflects the broader market downturn. CryptoPunks once symbolized NFT prestige, with some fetching over $50 million in 2024. But the collection’s floor price has fallen to 42 ETH (around $65,000), per CoinGecko.
NFT trading volumes have continued to slide, with weekly sales totaling just $58 million as of April 7 — levels last seen in early 2021, according to CryptoSlam.
The sale of #3100, once a top-three NFT by price, is the latest high-profile exit in a market recalibrating after its speculative peak.
