$2 Million Bid Placed on Ape CryptoPunk

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CryptoPunk #6965 received a bid offer of 1,250 ETH (~$2 million) this morning, and if sold, it would be the No. 15 top sale by Ether value in history.

The sale is, however, unlikely to happen. Punk 6965, which features the fedora attribute, is currently listed for 3,000 ETH (~$4.6 million). When the Punk was listed, the price requested in USD was ~$4 million.

DeepNFTValue estimates the fair price of this NFT at 2,859 ETH, which is more than a 50 percent discount for the buyer. While it is unlikely to move for 1,250, the bid could instigate the seller to lower the price.

The bid comes from 2.punksotc.eth, who currently owns 54 CryptoPunks and has earned more than $20 million selling CryptoPunks throughout the project's multi-year history. The account does not currently have an Ape Punk.

CryptoPunks have been a hot commodity of late, seeing more than 3,500 ETH in total volume over the last seven days on 45 sales. The project's floor price is up nearly two percent during that time, according to Lucky Trader's NFT Volume tool.

Author Bio

Jason Bales

Jason is an NFT lead at Lucky Trader. He has been involved in the NFT space since CryptoKitties in late 2017 and got involved in NBA Top Shot in early 2021 (Series 1 Legendary From The Top LeBron James Block, anyone?). Now, he spends most of his days yelling, "get off my lawn" at the PEPE and Nakamigos kids.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.