Someone Just Spent $10 Million in Ethereum on a Highly Collectible CryptoPunk NFT

<p>Numerous auction houses apparently attempted to participate in the multimillion-dollar auction.</p> <p>Significant Takeaways</p> <p>* CryptoPunk #4156 sold for $10.26 million today, making it one of the collection's most expensive sales.</p> <p>* At the time of press, the NFT is the most costly CryptoPunk currently available on the blockchain in terms of dollar value.</p> <p>* However, on a technicality, past sales outrank it.</p> <p>CryptoPunk #4156 sold for $10 million today, making it one of the collection's most costly sales.</p> <p>A Rare CryptoPunk NFT Raises $10 Million</p> <p>An extremely uncommon ape CryptoPunk was just sold for more than $10 million.</p> <p>According to LarvaLabs' list of sales, today's transaction for CryptoPunk #4156 is the most valuable in terms of cash, with an exact sale price of $10.26 million.</p> <p>The token's high price is due to its scarcity. It is one of only 24 ape CryptoPunks, making it the second rarest CryptoPunk kind after aliens, which number only nine, and zombies, which number 88. The great majority of CryptoPunks (9,879) are humans.</p> <p>However, the high sale price saw today comes with certain restrictions. Due to the volatility of the Ethereum price, this is merely the third greatest sale in terms of ETH. Two CryptoPunks sold for 4,200 ETH each in March, but today's auction raised only 2,500 ETH.</p> <p>Additionally, the auction is outranked by Sotheby's $11.75 million sale of CryptoPunk #7523. LarvaLabs does not report this transaction because it appears to be an off-chain monetary transaction.</p> <p>Another CryptoPunk NFT also sold for a high price of $538 million in October, however this was due to the owner transferring the token to himself in a wash transaction rather than a legitimate sale.</p> <p>The Seller Claims Auction Houses Contacted Him</p> <p>CryptoPunks is one of the early Ethereum-based NFT series, having been launched in mid-2017. This distinction has helped the collection garner interest from Ethereum natives, celebrities, and