In brief

The crypto market has been and NFT prices and trading volume . But even amid the so-called crypto winter (in summer), a desirable can still command a multi-million dollar price tag, as we saw last night.

Late on Tuesday, CryptoPunk #4464 , or just over $2.6 million at the time of sale. This particular NFT is one of just 24 apes in the entire collection of 10,000 profile pictures, and it features a vape pen, eye mask, and a durag.

In terms of ETH pricing, it’s tied with two other apes for the fourth-largest NFT sale of all time, per the official marketplace. However, given the fluctuating price of ETH, the USD value of each sale varied dramatically.

Punk 4464 bought for 2,500 ETH ($2,615,224.91 USD) by 0x561786 from 0x33eaae. #cryptopunks #ethereum

— CryptoPunks Bot (@cryptopunksbot) July 12, 2022

For example, when CryptoPunk #4156 —by 4156, a notable pseudonymous collector and co-creator of the —the sale was valued at over $10.25 million at the time. When CryptoPunk #5577 sold for the same amount of ETH this past February, it was valued at $7.7 million.

Only alien-style CryptoPunks have . The record sale for any single CryptoPunk—in terms of both ETH and USD—is CryptoPunk #5822, an alien that , or $23.7 million at the time. It was purchased by Deepak Thapliyal, CEO of startup Chain.

CryptoPunk #4464 was , also a Nouns co-founder. It’s not immediately apparent who purchased the $2.6 million Punk, although the same wallet and has spent 3,600 ETH on them (currently $3.85 million) to date.

According to data from , it’s the single largest NFT sale over the last 30 days, topping a pair of NFTs that sold for $1.2 million and just over $1 million, respectively.

An NFT is a blockchain that represents ownership in an item, including things like profile pictures, artwork, collectibles, and video game items. The NFT market surged in 2021 to , with added to that tally so far in 2022. However, NFT trading volume has amid the wider crypto market crash.

CryptoPunks is one of the most valuable and successful NFT projects around. Launched in 2017 by Larva Labs, the Ethereum project debuted as a free experiment, but has thus far yielded more than $2.3 billion worth of secondary trading volume amid growing demand.

Only and the Bored Ape Yacht Club have posted larger all-time trading tallies, per CryptoSlam. Yuga Labs, creator of the Bored Apes, recently from Larva Labs and unlocked commercial rights for owners, letting holders use their owned images to create products and other projects—much like the Bored Apes.

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This content was originally published here.

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