Seedphrase Receives $1.79M Bid on Seven-Trait Punk

Seedphrase Receives $1.79M Bid on Seven-Trait Punk

Seedphrase, the recent seller of Hoodie Ape and Zombie CryptoPunks, has now received a bid of 1,100 ETH  ($1.79M) on his famous profile picture, and the only seven-trait CryptoPunk, Punk #8348. 

As the lone seven-trait CryptoPunk, #8348 sports the following traits:

  • Top Hat
  • Cigarette
  • Big Beard
  • Buck Teeth
  • Classic Shades
  • Mole
  • Earing

Punk #8348 most recently traded hands more than two years ago when Seedphrase acquired it for 85 ETH, nearly $18,000 on the day of purchase. 

According to DeepNFTValue's pricing estimates, the 1,100 ETH bid comes in at a 30 percent discount to the predicted value of the NFT (1,564 ETH). The bid was placed by account "2.punksotc.eth," which currently holds 53 CryptoPunks. 

While Seedphrase has parted with two of the most notable Punks in his collection in the last month, there is no telling whether the Punk he has utilized for his digital identity is on the table and the Punk is not listed for sale at this time. 

Nevertheless, if he were to part ways, he would still maintain ownership of at least 18 Punks in the same account. 

This is a developing story and Lucky Trader will provide updates if a bid is accepted. 

More about CryptoPunks

One of the most iconic NFT collections of all-time, CryptoPunks was developed by Larva Labs and released in 2017 as a free-to-claim experiment. CryptoPunks, along with the Bored Ape Yacht Club led the NFT bull run of 2020 and helped bring digital collectibles to the mainstream through high profile auctions and celebrity onboarding. In 2022, Larva Labs sold the intellectual property of CryptoPunks to Yuga Labs, who created the Bored Ape Yacht Club.

At the time of publish, the CryptoPunks floor price sits at 62 ETH, and has stayed relatively flat over the past 24 hours on 631 ETH volume of transactions. Over that same timeframe, 1 sharp wallets have sold 2 NFTs and 1 sharp wallets have bought 3 NFTs in the CryptoPunks collection. Catch up on other recent CryptoPunks news here.

Recent CryptoPunks Sales

#3229sold at 12/03 7:12pm for
89.0
#7386sold at 12/03 4:12pm for
108
#3483sold at 12/03 3:12am for
77.7
#6802sold at 12/03 3:12am for
73.0
#7647sold at 12/03 12:12am for
65.5

Recent CryptoPunks Listings

#8175listed at 12/03 9:12pm for
90.0
#5728listed at 12/03 9:12pm for
78.0
#5728listed at 12/03 9:12pm for
89.0
#9080listed at 12/03 8:12pm for
78.9
#4360listed at 12/03 7:12pm for
73.8
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.
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