Who is Ethereum Whale Buying All CryptoPunk NFTs?


  • CryptoPunks are pixelated images.
  • re are 10,000 of them.
  • Many have been sold today.

If you have been waiting to get a CryptoPunk, your chances of buying one at a reasonable price may decrease.

This is because an Ethereum Whale has been on a CryptoPunk buying craze. A wallet bought more than 100 on Friday night at prices ranging from 24 to 29 ETH. That is an expense of more than $ 6 million.

And the whale is still I am buying.

CryptoPunks are non-fungible tokens (NFTs), blockchain-based deeds of an associated collectible item, in this case 10,000 pixelated images of punk-looking characters, each with their own distinctive characteristics. Punks are classified as aliens, monkeys, zombies, and humans, while non-humans are rarer.

In fact, a Zombie Punk was one of those sold today for 850 Eth, or $ 2.08 million. But that was not the highest price of the day.

cryptoshitcompra.com/wp-content/uploads/2021/07/Who-es-Ethereum-Whale-que-buy-todos-los-NFT-de.png »alt =» »style =» max-width: 100% ; overflow: hidden; width: 100% »/> A rare punk zombie sold for $ 2.08 million was one of many taken today.

It’s unclear what’s driving the frenzy, which started today. A feature in New York about NFT clubs may have helped get things moving. And Gary Vaynerchuk bought CryptoPunk # 2140 today for 1,600 ETH ($ 3.7 million). Hours later, someone paid 2,250 ETH ($ 5.4 million) for the number 5217. sales rank as the fourth and third largest in CryptoPunk’s history, respectively.

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Although there are only 10,000 punks, there is an active resale market. Since their inception in 2017, when they were gifted by their creators, the Punks have raised 232,000 ETH ($ 573 million). Over the past 12 months, they have reached an average sale price of 22 ETH ($ 54,000). Right now, to buy a Punk, you will need to part with at least 28.99 ETH; this is the current lowest selling price.

Virtually nothing is known about the whale that devours the NFTS. punks were all “force-funded,” jargon for a wallet created specifically for a particular set of transactions, and therefore unrelated to any prior story. When will the whale’s appetite be satisfied? And what will you eat next?


views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.

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