A deep-pocketed NFT investor just sold a CryptoPunk for a staggering $9.73 million loss, highlighting the brutal comedown from the NFT market’s 2021 highs.The trader bought the CryptoPunk last year for 4,500 ETH (around $15.7 million at the time), only to offload it this week for 4,000 ETH — worth just $6 million today, according to Lookonchain. The difference isn’t just in ETH — the massive loss was compounded by Ethereum’s price drop of over 57% during the same period.📉 “Did he only lose 500 ETH? No—he actually lost $9.73M!” Lookonchain noted.Despite the loss, the sale still marks the largest NFT transaction in the past 30 days, CryptoSlam data shows — underscoring how quiet the top-end NFT market has become.🚨 Blue-chip pain continues:CryptoPunks floor price: ~43 ETH ($68K), down 61% from 2021 ATH.Bored Ape Yacht Club: down 89%.Mutant Apes: down 93%.One bright spot? Pudgy Penguins. The collection hit a record 25 ETH floor in December and led Q1 2025 with $72M in sales — a rare winner in a struggling sector.While rumors swirl around Yuga Labs potentially selling the CryptoPunks IP and the SEC wrapping up its NFT probe, it’s clear the NFT winter hasn’t fully thawed. via /r/waasssupcrypto https://ift.tt/Cl8or2k
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