CryptoPunk #9723 Fetches Whopping 128.15 ETH, Dominating NFT Sales

And just recently, a CryptoPunk NFT—in this case the #9723 NFT—was sold for an astonishing 128.15 ETH. This enormous cost has ensured its place as the most popular NFT ever sold. The complete sale went down around 13 hours ago. It’s the equivalent of about IDR 6.4 billion, calculated using an approximate Ethereum price of IDR 50 million per ETH. This first-of-its-kind transaction would seem to indicate that the digital art and collectibles market is still extremely hot.

The digital asset is classified as Male, which is the most common gender type of its collection at 60.39%. Its unique features and sales history have attracted massive media attention. The most recent transaction on chain indicates a change of ownership from wallet 0x7a…3546 to 0x63…483c. This exchange is arguably the biggest move made thus far within the CryptoPunk ecosystem.

Prior to this lucrative sale, CryptoPunk #9723 was a hot potato. For example, it was once in transactions between wallets 0x20…d244 and 0x38…f842, demonstrating its past history of ownership shifts. Now, the NFT rests in wallet 0xa4149f2bd0a1d…, deepening its integration into the web of digital ownership.

The purchase of CryptoPunk #9723 was not the single most impressive NFT transaction. The most expensive NFT bought in this collection reached a whopping price of 83.00 ETH, equal to about IDR 4.15 billion. For comparison, CryptoPunk #9723 was bought for 71.80 ETH, or around IDR 3.59 billion.

CryptoPunk #9723 boasts several distinguishing attributes, including an Earring (present in 24.59% of the collection), 3D Glasses (2.86%), Front Beard (2.73%), and a Peak Spike (3.03%). All of these traits make it all the more rare and coveted among collectors.

In another example, CryptoPunk #5051 has four attributes too, a rarity shared by just 14.20% of the 10,000 CryptoPunks in existence. This fact serves to underline the rarity and special attraction of these NFTs.

Providing additional context, CryptoPunk #5051 was purchased two years back for a paltry 20.00 ETH. This apples to oranges comparison is intended to highlight the meteoric level of appreciation some NFTs have garnered in just a few months.

CryptoPunk #9723’s four distinct features are found in only 18.94% of the entire collection. This interplay of rarity, beauty, and speculation has catapulted CryptoPunk #9723 to NFT sales’ top brass.

And of course, the recent sale of CryptoPunk #9723 for 128.15 ETH ($3.3 million) is an all-time high. Beyond that, it shows how the NFT market landscape is rapidly changing. The digital asset’s unique attributes, provenance, and ownership history add to the value of the digital asset and continue to fascinate a growing base of collectors.