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# 💸CryptoPunks Ethereum NFT Sells for Nearly $24M, Doubling Previous Recor
- URL: https://www.theunredacted.co/cryptopunks-ethereum-nft-sells-for-nearly-24m-doubling-previous-recor/
- Published: 2022-02-13T16:44:04.000Z
- Updated: 2022-02-13T16:44:04.000Z
- Author: Gene Goodwin

CryptoPunks predate the modern NFT craze by years, and that O.G. status has made the 2017 Ethereum profile picture collection a legend in the space.

Dozens of CryptoPunks have sold for a million dollars worth of ETH or more, but today, the collection shattered its previous record with one sale of nearly $24 million.

On Saturday, [CryptoPunk #5822 sold for 8,000 ETH](https://www.larvalabs.com/cryptopunks/details/5822?ref=theunredacted.co), or about $23.7 million worth at the time of sale. Deepak Thapliyal, CEO of cloud blockchain infrastructure firm Chain, [purchased the NFT](https://twitter.com/dt%5Fchain/status/1492601061919666179?s=21&ref=theunredacted.co) directly from CryptoPunks developer Larva Labs’ own online marketplace.

![Image](https://cdn.substack.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFLbIwZIXsAYOd8N.jpg)

The previous top sale for a CryptoPunk was $11.8 million, purchased by DraftKings’ largest shareholder Shalom Meckenzie at a Sotheby’s auction in June 2021\. Meanwhile, the largest on-chain sale through the Larva Labs marketplace came in December, when the pseudonymous 4156 sold his namesake Punk for $10.26 million worth of ETH.

[Thapliyal tweeted](https://twitter.com/dt%5Fchain/status/1492602639506362373?ref=theunredacted.co) that he used leverage via [DeFi](https://decrypt.co/resources/defi-ultimate-beginners-guide-decentralized-finance?ref=theunredacted.co) protocol Compound Finance to pay for the CryptoPunk, telling Compound founder Robert Leshner, “Thanks to Compound Finance I am able to still \[hold\] ETH while buying this. Basically long’d ETH to punk-in.”

His new Punk features the rarest avatar type: alien. Just nine CryptoPunks out of the entire collection of 10,000 avatars are aliens. This particular Punk last sold for 8 ETH, or just over $1,600 at the time, back in July 2017.

![](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F96e6383b-7816-467e-bf29-22284423a0e5_1040x644.png)

Saturday's sale marks the fourth-highest sale ever for a single NFT. Beeple’s “Everydays: The First 5,000 Days” holds the single-NFT sale record at $69.3 million from last March.

[This week’s sale](https://twitter.com/muratpak/status/1491412392257142802?ref=theunredacted.co) of artist Pak’s “Clock” NFT to [AssangeDAO](https://decrypt.co/92332/assange-dao-raised-more-ethereum-constitutiondao?ref=theunredacted.co) comes in second at a USD value of just under $54 million. Beeple’s “Human One,” which pairs a physical/digital hybrid sculpture with an NFT, sold for $29 million in November, putting it third.

According to data from [CryptoSlam](https://cryptoslam.io/?ref=theunredacted.co), the CryptoPunks collection—which Larva Labs released as a free-to-mint project—has generated more than $2 billion in secondary trading volume to date.