Collector sells CryptoPunk at $10M loss

One of the most iconic NFTs in history — CryptoPunk #3100 — has changed hands again, this time with a massive loss. The token sold for 4000 ETH (~$6 million), despite being purchased for significantly more just over a year ago.

Down $10 Million in One Year

In March 2024, the previous owner acquired CryptoPunk #3100 for 4500 ETH, worth around $16 million at the time. That sale was recorded as the third-largest single NFT transaction ever, according to CryptoSlam.
 

But with Ethereum’s price plummeting, the fiat value of the NFT has dropped by over 60%, turning the investment into a $10 million loss.

The NFT Market Continues to Cool

This is not an isolated case. In Q1 2025, the total NFT trading volume fell by 24% compared to the last quarter of 2024 — down to $1.5 billion. Top collections like Bored Ape Yacht Club and Azuki have also been losing momentum, with market activity steadily declining since 2022.
 

The sale of CryptoPunk #3100 could mark a turning point for the NFT market — when even the rarest and most valuable tokens are shedding millions in value.