NFT Collector Makes $2M Profit From CryptoPunk

2021.10.28

A savvy NFT collector made a profit of $2 million after their CryptoPunk had been sold for 500ETH. The Punk was purchased by the seller back in August 2017 for zero. According to the Ethereum price of $297, it was approximately $73 on that day. A savvy NFT collector made an incredible $2million profit from one sale. The Punk was originally purchased by the seller in August 2017 for zero. 25 ETHanalyzed it and extracted approximately $73 from it.  It was based on Ethereum’s price of $297 on the day. A $2 million profit has been made by an NFT collector after their CryptoPunk, which sold for 500 ETH, sold for $2m today. The Punk was bought by the seller in August 2017 for no amount. 25 Ethereum discovered approximately $73 on that day based on its price of $297.

 

 

The Cryptopunk – The Hoodie Trait of the Cryptopunk:

A common saying is to hold and never consider selling their CryptoPunk for over four years before today when they decided to sell ‘Hoodie’This decision made a life changing 2 possible. They achieved an astonishing ROI even by crypto standards. The collector has made similar returns for five other punks, which all were bought at around the same time. The Cryptopunk had the hoodie trait which made the cryptocurrency so desirable and the price was rightOne ethereum currency (one NFT) was purchased at a rate of one percent cheaper than an original pun. The distance is approximately 28 m. After their purchase, the seller then, diamond-handed, is a popular saying, to hold, and never consider sellingIt was a life changing two that is netted by the sale. I think 7m% is an astonishing ROI, even by crypto standards. The collector has also made similar returns on five other punks which were bought at around the same time. A high price tag was warranted by the CryptoPunk because it had the Hoodie trait which made it desirable. 320 ETC, which is 1 NFT, was being sold at the floor price for a HoodieThe height is 28m. A lifechanging two was obtained by the sale. 7 million people return their investment, a remarkable ROI even by crypto standards. At the same time, five other punks were bought by the collector, making similar returns. The CryptoPunk possessed a desirable attribute that allowed it to compete for high money. The price of the NFT, the lowest, at which a punk can be purchased, has been changed. It is twentyeight meters long.

 

 

OpenSea CryptoPunks Continues to dominate the volume metric on OpenSea:

The purchaser of the CryptoPunk was funded by 2000 ETH ($8m) of funds via a fresh wallet made today indicating that the transactionEvery volume metric on OpenSea continues to dominate and its number one spot has been retained by Crypto. ‘CryptoPunk’ has turned a $9million bid down. The Queen Bandit sold $867k at Sotheby’s last Metaverse auction.  The buyer of the CryptoPunk was funded by 2000 ETH ($8 million) worth of funds via a fresh wallet made today, indicatingCryptoPunks continues to dominate the volume metric on OpenSea and it has retained the number one spot despite increasing competition from other playersRecently, a massive $9million bid on CryptoPunk has been rejected by the collection. The collection turned down a $9 million bid. There were other CryptoPunks in the recent Sotheby’s Metalverse Auction where $867k was sold for the Queen. The views and opinions expressed by the author should not be considered financial advice. We provide advice on financial products. This ranges from active to passive.