ETH Whale Sells CryptoPunk 3100 for $6.06M After Losing $9.73M Amid 57% Price Drop

COINOTAG reports that on April 11th, data from LookIntoChain has revealed a significant transaction involving the famous digital asset, CryptoPunk 3100. A prominent whale recently divested this NFT for 4,000 ETH, equating to approximately $6.06 million. This sale comes as a stark contrast to the acquisition price of 4,500 ETH—about $15.79 million—paid just a year earlier. The recent downturn in Ethereum’s value, which has seen a decline of 57%, essentially led to a staggering loss of $9.73 million for the seller. This event underscores the ongoing volatility within the crypto market, especially highlighting the risks associated with high-value NFT transactions. As the landscape continues to fluctuate, investors are increasingly cautioned to remain vigilant.