Don't Panic by XCOPY Sells for 500 ETH
Don't Panic, an NFT artwork created by famous artist XCOPY in February 2019, recently sold for 500 ETH, or $805,895.
The artist has not yet acknowledged the sale.
The artwork originally sold to vk_crypto on SuperRare for 1 ETH on Mar. 6, 2019. In September 2020, it was purchased by moderatsart for 12 ETH, or $4,021. That buyer held the NFT until now and profitted more than $800,000 on the sale, according to SuperRare's transaction history.
XCOPY has a history of high price tag sales. His artwork Decay sold for 345.69 ETH, or $1.45 million at the time of purchase, and another artwork of his, Some Other As*hole, sold for 550 ETH, or $2.28 million at the time of purchase.
In March 2022, XCOPY released Max Pain, an open edition NFT available through Nifty Gateway, and sold more than $22 million worth in just 10 minutes. The collection has a floor price of 0.62 ETH on OpenSea currently.
This new sale follows two other notable sales in the NFT space -- a rare, left-looking Pudgy Penguin recently sold for 400 ETH and a Chromie Squiggle by Snowfro with a rare "HyperRainbow" trait sold for 150 ETH.