Whoa! CryptoPunk #3100 Sells for $6M, But at a Jaw-Dropping $10M Loss!

Alien Punk Takes a Nosedive in the NFT Market

Hang onto your hats, folks! A super rare CryptoPunk NFT just got flipped for a cool $6 million, but here's the kicker - the seller took a staggering $10 million hit! CryptoPunk #3100, one of only nine Alien Punks in the iconic 10,000-piece collection, was sold for 4,000 Ethereum (ETH), clocking in at about $6.07 million when the deal went down on April 10. Word on the street is that the art brokerage firm Fountain was behind the wheel, sealing the deal through a private offer on the CryptoPunks marketplace.

NFT TRADER DOWN $10M ON CRYPTOPUNK

This NFT Trader snagged an Alien Cryptopunk a year back for 4.5K ETH ($16M). Fast forward to now, and they just unloaded it for 4K ETH ($6M).

That's a brutal $10M loss, folks.

Address: 0x70587661c804c72BBa25EcddD8d17B332C984017

Back in March 2024, this NFT was scooped up by an anonymous buyer in what was the third-largest CryptoPunk deal at the time, costing them 4,500 ETH, or around $16 million. But with Ethereum's value tanking by about 56% over the last year, that 500 ETH loss turned into a whopping $10 million loss in dollar terms for the seller.

CryptoPunk #3100 has now made the top sales leaderboard for CryptoPunks not once, not twice, but three times, previously selling for $7.58 million and $16.03 million. Even though CryptoPunks are still the cream of the crop in the profile picture NFT scene, their financial performance has taken a serious beating.

The collection's floor price has plummeted 67% from its all-time high of 125 ETH set back in 2021, now hovering around 42.5 ETH. Back then, ETH was trading at about $3,500, putting the floor price above $400,000. Compare that to just $65,900 at the time of writing, and you can see the drop is real.

As the NFT hype train slows down and asset prices keep falling, the industry is feeling the heat. In the first quarter of 2025, NFT trading volume dropped to $1.5 billion, a 24% dip from the last quarter of 2024.

Even though trading activity only took a slight hit, the sharp drop in volume screams that high-value deals are drying up, not the number of users. CryptoPunks still hold a hefty 23% of the $2.7 billion global NFT market cap, but the writing's on the wall - the NFT market is in for a wild ride.