{"id":16247,"date":"2024-08-20T15:10:40","date_gmt":"2024-08-20T12:10:40","guid":{"rendered":"https:\/\/forklog.com\/en\/cryptopunk-sold-at-a-loss-after-24-million-purchase\/"},"modified":"2024-08-20T15:10:40","modified_gmt":"2024-08-20T12:10:40","slug":"cryptopunk-sold-at-a-loss-after-24-million-purchase","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cryptopunk-sold-at-a-loss-after-24-million-purchase\/","title":{"rendered":"CryptoPunk Sold at a Loss After $24 Million Purchase"},"content":{"rendered":"<p>Deepak Thapliyal, the owner of the most expensive CryptoPunk #5822, who acquired the token for 8000 ETH ($23.7 million at the time of the transaction) in 2022, has parted with the asset without disclosing the sale amount.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">End of an Era. <\/p>\n<p>? #5822, Enjoy your new ?<\/p>\n<p>\u2014 Deepak (@dt_nfts) <a href=\"https:\/\/twitter.com\/dt_nfts\/status\/1825366417228562733?ref_src=twsrc%5Etfw\">August 19, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On August 19, Thapliyal posted a farewell message, wishing the CryptoPunk &#8220;luck in its new home.&#8221; <\/p>\n<p>On-chain data<a href=\"https:\/\/opensea.io\/0xC121b520e822D6F69a00A532b1Cc9FcBe81B8DA0\"> confirmed<\/a> the transfer to a new address.<\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">August 20, 2024 | 16:11<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>The buyer is reportedly a user X with the nickname VOMBATUS. He claimed to have purchased the token for 1500 ETH (~$3.9 million) \u2014 80% less than the previous price.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"und\" dir=\"ltr\">1500 eth ?\ufe0f?\ufe0f?\ufe0f<\/p>\n<p>\u2014 VOMBATUS (@vombatus_real) <a href=\"https:\/\/twitter.com\/vombatus_real\/status\/1825402706955280459?ref_src=twsrc%5Etfw\">August 19, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<p>In 2022, the transaction was the fourth most expensive among all NFTs during the sector&#8217;s hype.<\/p>\n<p>The community suspected that the token was sold at a loss.<\/p>\n<p>One user on X asked Thapliyal if this was &#8220;the worst NFT hold of all time,&#8221; while another<a href=\"https:\/\/x.com\/ngmingmingmi\/status\/1825375352106942975\"> inquired<\/a> about how much he lost.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Worst nft hold of all time in all of history for all of eternity??<\/p>\n<p>\u2014 chefdavenyc.eth (@chefdavenyc) <a href=\"https:\/\/twitter.com\/chefdavenyc\/status\/1825383159837680104?ref_src=twsrc%5Etfw\">August 19, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the official website, only one CryptoPunk is currently<a href=\"https:\/\/cryptopunks.app\/cryptopunks\/details\/5905\"> listed<\/a> for sale at 5000 ETH ($13.36 million).<\/p>\n<p>If the non-fungible token #5822 was valued similarly, Thapliyal might have lost 43.6% on the investment.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/nftvaluations?ref_src=twsrc%5Etfw\">@nftvaluations<\/a> valued this punk 5k ETH and currently only 1 alien listed at 5k ETH <\/p>\n<p>Probably deal closed around 5k ETH <a href=\"https:\/\/t.co\/lkeuhBdcKr\">pic.twitter.com\/lkeuhBdcKr<\/a><\/p>\n<p>\u2014 SomaXBT (@somaxbt) <a href=\"https:\/\/twitter.com\/somaxbt\/status\/1825381115835674709?ref_src=twsrc%5Etfw\">August 19, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to<a href=\"https:\/\/www.cryptoslam.io\/nftglobal?timeFrame=month&#038;headerPeriod=30d\"> CryptoSlam<\/a>, in July, the monthly NFT sales volume was the lowest since November 2023. The figure fell by 44% in the second quarter compared to January-March.<\/p>\n<p>In February 2022, the auction house Sotheby\u2019s put up for auction a set of 104 NFTs from the CryptoPunks collection. However, the sale did not occur due to the token owner&#8217;s withdrawal of the offer.<\/p>\n<p>On August 15, 2024, Sotheby\u2019s auctioned non-fungible tokens by digital artist Beeple and from the CryptoPunks collection. The latter did not attract interest.<\/p>\n<p>At the time of writing, one bid was recorded<a href=\"https:\/\/www.sothebys.com\/en\/buy\/auction\/2024\/digital-art-day-sale-2\/cryptopunk-491\"> at $45,000<\/a>. Sotheby\u2019s estimates the NFT&#8217;s value at $70,000 to $100,000. The auction will conclude on August 22 at 7:00 (Kyiv\/Moscow).<\/p>\n<p>Back in March 2024, American comedian Kevin Hart&#8217;s <span data-descr=\"Bored Ape Yacht Club\" class=\"old_tooltip\">BAYC<\/span> #9258 <a href=\"https:\/\/forklog.com\/en\/news\/kevin-harts-bayc-nft-sells-at-a-76-discount\">sold for 13.65 ETH<\/a> \u2014 76% below the purchase price. Pop star Justin Bieber&#8217;s token from the same collection <a href=\"https:\/\/forklog.com\/en\/news\/justin-biebers-nft-investments-plummet-by-95\">depreciated by nearly 95%<\/a>.<\/p>\n<p>In the same month, CryptoPunk #7804, one of the nine so-called &#8220;aliens,&#8221; was sold for 4850 ETH, which at the time of sale <a href=\"https:\/\/forklog.com\/en\/news\/cryptopunk-fetches-16-million-in-latest-sale\">amounted to $16.42 million<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deepak Thapliyal, the owner of the most expensive CryptoPunk #5822, who acquired the token for 8000 ETH ($23.7 million at the time of the transaction) in 2022, has parted with the asset without disclosing the sale amount. End of an Era. ? #5822, Enjoy your new ? \u2014 Deepak (@dt_nfts) August 19, 2024 On August [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1227,1432,1145,1213],"class_list":["post-16247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-transactions","tag-cryptopunks","tag-market-analysis","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"67","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16247"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16246"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}