NiftyNoon: Is the Alien CryptoPunk $10 Million Loss Bearish for NFTs? 👽🚬📉
Alien CryptoPunk #3100 sold for 4,000 ETH at a $10 million dollar loss in a polarizing transaction that has some questioning the market for high end digital collectibles (April 11, 2025)
Nifty Thought:
Alien CryptoPunk #3100 sold for 4,000 ETH at a $10 million dollar loss in a polarizing transaction that has some questioning the market for high end digital collectibles. Although the transaction was only down 500 ETH from last year’s sale, ETH’s poor price action means the sale is down more than $10 million dollars in USD terms. On one hand, it is notable that someone is still willing to spend north of $6 million dollars for an NFT. On the other hand, this is a 60% loss in a year from a seller that seems to believe the price or the asset will continue to decline. The market for these once highly coveted NFTs was always fragile and it seems recent market turmoil has further decreased buyer demand for these digital collectibles. Much of the recent bearish sentiment surrounding NFTs has been due to their reliance on ETH for pricing. It is no secret ETH has wildly underperformed the market during this bull run. With NFTs denominated in ETH, even gains against the asset can still be USD losses. This denomination headwind is undeniably one of the largest obstacles facing Ethereum going forward. Without a migration to a stronger chain or a revival of interest in ETH, it is difficult to imagine the robust NFT ecosystem achieving even a fraction of its former glory.
Highlighted News:
💰 Punk 3100 bought for 4,000 ETH ($6,084,359.86 USD) by 0x074ad7 from 0x705876:
https://x.com/cryptopunksbot/status/1910420121648070741
📉 Some people laughed when the previous owner of this sold it for a $8,000,000 profit, but only 300 eth. Most recent owner lost 500 ETH but lost over $10,000,000:
https://x.com/punksotc/status/1910422096452432305?s=46
🦅 Trump’s World Liberty Financial Denies Selling Off Ethereum Stash:
https://x.com/DecryptMedia/status/1910387064220041343
🔊 Some initial team thoughts on the @AIWayfinder TGE feedback:
https://x.com/templecrash/status/1910370872957034884
🌊 @AIWayfinder $PROMPT claim for their Social Mission is live on @KaitoAI Rewards Station:
https://x.com/kaitoai/status/1910306407393460300?s=46
Project and Community News:
The S&P 500 is as volatile as bitcoin now: https://x.com/EricBalchunas/status/1910329245210996952
President Donald J. Trump has officially signed the bill to repeal the “DeFi Crypto Broker Rule”: https://x.com/rapidresponse47/status/1910494630996541614?s=46
ETF FLOWS: Around 1,670 BTC and 7,610 ETH were sold on Apr. 9: https://x.com/Cointelegraph/status/1910203751891091782
El Salvador added one more BTC to its Strategic Bitcoin Reserve: https://x.com/bitcoinofficesv/status/1910489026332667946?s=46
Pakistan is considering using its surplus electricity to support Bitcoin mining operations: https://x.com/simplykashif/status/1910180060939559041
@vaneck_us & @Nasdaq just filed a 19b-4 to list the VanEck Avalanche ETF: https://x.com/JSeyff/status/1910317898440102058
$SOL (@solana) leads all chains in DEX volume over the past 24 hours: https://x.com/thesolanapost/status/1910237522484937062
@AIWayfinder $PROMPT claim is LIVE:
https://x.com/aiwayfinder/status/1910306083924484521?s=46
Looks like @AIWayfinder just had a disaster TGE: https://x.com/FFVV1211/status/1910334784943055177
IBC Eureka is LIVE: https://x.com/cosmos/status/1910272473255530606
Babylon Genesis is Live - Secured by Bitcoin to Unite the Decentralized World: https://x.com/babylonlabs_io/status/1910271642892210521
$WCT goes live on @binance on April 15 at 11:00 UTC: https://x.com/walletconnect/status/1910277437616693336?s=46
April 17th will be the day users receive their Season 1 Magic Eden rewards, airdropped directly in their claim wallets: https://x.com/magicedencomm/status/1910352197532934385?s=46
@avax token trading is live on Rally NOW: https://x.com/rally_xyz/status/1910433887802503578?s=46
ApeCoin NFT staking is migrating to ApeChain: https://x.com/apecoin/status/1910528402546712968?s=46
Optimism ran one of the first real-world experiments with Futarchy: https://x.com/Optimism/status/1910437585648050211
@CozomoMedici announces the donation of a full set of Ordinal Maxi Biz (OMB) to the permanent collection of Toledo Museum of Art: https://x.com/cozomomedici/status/19100605654243902u6hP82igIkse_w0CQcovQ
QuoteChain FAQ everything you need to know to get quoted: https://x.com/QuoteChain_Labs/status/1910334780031287637
Understanding how Bigcoin, a fully onchain (bigger) replica of Bitcoin, works under the hood: https://x.com/0xcygaar/status/1910448704433406074?s=46
"ColliderVM: Stateful Computation on Bitcoin without Fraud Proofs": https://x.com/starkwareltd/status/1910317337301152034?s=46
2025 @Topps VeeFriends Chrome Hobby Box Presale has ended: https://x.com/veefriends/status/1909713281503445413?s=46
BTC Whale Mass Accumulating Ordinals: https://x.com/sleepless_btc/status/19104156623017864=4gBGB4vS1J_fBcZR0xevgA
These are the current NFT floors if you used Eth price from Dec 16, 2024: https://x.com/DGMD22/status/1909823108933988757
Quick Stats:
👾 Blur ETH Daily Volume: 670 ETH (▼ 30.27%)
🌊 OpenSea ETH Daily Volume: 1,254 ETH (▲ 5.98%)
🟠 BTC : $82,183.34 (▲ 0.53%)
🔷 ETH: $1,561.81 (▼ 2.13%)
🟣 Solana: $118.60 (▲ 3.20%)
🟪 Polygon: $0.18 (▲ 1.73%)
Top NFT Sales:
CryptoPunks #3100: 4000.00 ETH
CryptoPunks #1782: 63.25 ETH
CryptoPunks #5273: 48.00 ETH
NFT Daily Winners:
🐵 NodeMonkes: 0.04 BTC (▲ 6.32%)
💼 Ordinal Maxi Biz: 0.03 BTC (▲ 5.79%)
🐱 Quantum Cats: 0.04 BTC (▲ 4.91%)
🏳🌈 Chromie Squiggles: 4.50 ETH (▲ 2.27%)
🏴☠ Captainz: 0.63 ETH (▲ 0.51%)
🚬 CryptoPunks: 42.50 ETH (► 0.00%)
NFT Daily Losers:
🧦 Bitcoin Puppets: 0.03 BTC (▼ 0.09%)
🦧 Bored Ape Yacht Club: 14.17 ETH (▼ 0.14%)
🍭 Mocaverse: 2.09 ETH (▼ 0.48%)
🐧 Pudgy Penguins: 9.14 ETH (▼ 0.87%)
👾 Tensorians: 2.59 SOL (▼ 1.63%)
⛩ Azuki: 2.51 ETH (▼ 2.21%)
👩🏻 Milady Maker: 3.00 ETH (▼ 4.39%)
😡 Mad Lads: 6.05 SOL (▼ 87.27%)
Notes:
If you find quick daily crypto updates helpful, please feel free to subscribe:
The content on this site is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Managed by @AxuETH, @Miinted, @drethernik, @SpeedyGonzale87 and @SSPxLEO