CryptoPunk #5822 sold for $23.7 million

The 8,000 ETH sale breaks the previous CryptoPunk record.

CryptoPunk #5822 sold for $23.7 million

CryptoPunks predate the current NFT craze by many years, and their legendary status has made the 2017 Ethereum profile picture collection stand out as a classic.

CryptoPunk's collection has sold for over a million dollars worth of Ethereum, but today's sale broke the previous record with nearly $24 million worth of Ethereum.

At the time of sale, CryptoPunk #5822 sold for 8,000 ETH, worth about $23.7 million. The NFT was bought directly from CryptoPunks developer Larva Labs' online marketplace by Deepak Thapliyal, CEO of Chain, an infrastructure firm for the blockchain.

In June 2021, DraftKings' largest shareholder, Shalom Meckenzie, purchased a CryptoPunk for $11.8 million at a Sotheby's auction.

Meanwhile, the nameless 4156 sold his namesake Punk for $10.26 million worth of ETH via the Larva Labs marketplace in December.

Using Compound Finance, Thapliyal was able to leverage his Ethereum holdings to purchase CryptoPunk. In his response to Compound's founder Robert Leshner, Thapliyal said, "Thanks to Compound Finance, I am able to still hold ETH at the same time. Essentially, I longed ETH in order to buy CryptoPunk.”

This new Punk features an alien avatar, the rarest of all. A total of nine CryptoPunks are aliens out of 10,000 avatars in the collection. The last sale of this Punk was in July 2017 for 8 ETH, or just over $1,600 at that time.

The sale on Saturday was the fourth-largest sale of an NFT ever. As of last March, Beeple's "Everyday: The First 5,000 Days" held the record for the largest single-NFT sale.

Pak's "Clock" NFT is valued at just under $54 million and was sold to AssangeDAO last week. Among the top three sales in November was Beeple's "Human One," which combines a physical and digital sculpture with an NFT.