3100

A collector has sold CryptoPunk #3100 for 4,000 ETH, which is approximately $6 million, resulting in a loss of $10 million compared to its sale price of 4,500 ETH, or about $16 million, from a year ago.

CryptoPunk #3100 is a rare "Alien Punk," with only nine in existence. The floor price for CryptoPunks has dropped by 44% over the past 90 days, reflecting the gloomy state of the NFT market as trading volume and Ethereum prices continue to decline.

#NFTMarketWatch

NFT Market Watch: Latest Trends & Updates

1. Market Overview (July 2024)
- Total Sales Volume: The $NFT market has seen fluctuating volumes, with Ethereum and Bitcoin-based NFTs leading.
- Top Blockchains: $ETH , $SOL , and $BTC (Ordinals) remain dominant, with growing interest in layer-2 solutions like Base and Blast.
- Trending Collections:
- Pudgy Penguins– Continued surge in demand after Walmart toy deals.
- Bored Ape Yacht Club (BAYC)– Floor price stabilizing after recent dips.
- Bitcoin Ordinals– Inscriptions gaining traction despite Bitcoin’s high fees.

2. Key Developments
- Institutional Interest: BlackRock and Fidelity exploring NFT-based financial products.
- Gaming NFTs Projects like Parallel and Illuvium driving utility-based NFT demand.
- Regulatory Watch: SEC still evaluating whether certain NFTs qualify as securities.

3. Notable Sales
- CryptoPunk #3100 sold for 1,050ETH (~$3.2M).
- Bitcoin Ordinal "Epic Satoshi" auctioned for $2.1M

4. Upcoming Drops & Events
- Yuga Labs’ "Otherside" – New land sale expected in Q3.
- Art Blocks x Christie’s – Generative art collaboration.

5. Market Sentiment
- Bullish: Growing adoption in gaming, art, and real-world assets (RWAs).
- Bearish: High gas fees on Ethereum and regulatory uncertainty persist.

Stay tuned for more updates!

#NFT The poor fellow sold Cryptopunk #3100 with a loss of $10,000,000. NFT was sold for 4,000 ETH ($6M), and was bought in March last year for 4,500 ETH ($16M). #BTC 📉

#ETH
#BTC
The market will continue to decline, testing the level of #3100 with #ETH and #86 with #BTC
Exercise caution in trading as the market breaches this support level
With the method of trading small proportions, you will profit from a long wave.