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CryptoPunk Sells For $23 Million, Doubles Previous Record

February 15, 2022
in Australian Crypto News
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A CryptoPunk NFT has sold for 8,000 ETH (US$23.7 million), doubling the previous CryptoPunks record of US$11.8 million, set last June.

As announced via Twitter, Deepak Thapliyal, CEO of cloud blockchain infrastructure firm Chain, purchased CryptoPunk #5822 directly from CryptoPunks developer Larva Labs’ own online marketplace:

Thapliyal also tweeted that he leveraged DeFi protocol Compound Finance to pay for his CryptoPunk, telling Compound founder Robert Leshner: “Thanks to Compound I am able to still [hold] ETH while buying this. Basically long’d ETH to punk-in.”

Accusations of Money Laundering Erupt on Twitter

Within 24 hours of the sale, accusations erupted on Twitter of a money-laundering exercise, suggesting both buyer and seller were interchangeable:

What if buyer and seller is the same person?

— Degen Strategies LLC (@sillyETHBeras) February 12, 2022

NFT Record Price Rankings

CryptoPunk #5822 fetched the fourth-highest price ever for a single NFT. Beeple’s “Everydays: The First 5,000 Days” topped the tree at US$69.3 million last March, followed by last week’s sale of artist Pak’s “Clock” NFT to AssangeDAO, as reported by Crypto News Australia. Coming in third is Beeple’s “Human One”, which changed hands for US$29 million in November.

These rankings may well change after Sotheby’s single-lot sale of 104 CryptoPunks NFTs scheduled for live auction on February 23 in New York City.

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The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.


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