CryptoPunk #7804 Sells for $16.42M, Part of $30M in Recent Sales

The digital art and cryptocurrency communities are abuzz with the recent sale of CryptoPunk #7804, which sold for a staggering 4,850 ETH, approximately $16.42 million USD ($16,421,614.53 USD). This sale marks the second highest in the collection's history, following closely behind another alien punk sale that occurred just weeks prior, also surpassing the $15 million mark. The previous sale of #7804 was for 4,200 ETH, or $7.6 million USD, in March 2021, highlighting a significant increase in value over two years. These back-to-back high-profile sales, totaling around $30 million for two alien punks, have reignited discussions around the vitality and potential of Ethereum-based non-fungible tokens (NFTs), with many in the community seeing this as a bullish sign for the NFT market. Despite skepticism from some quarters about the sustainability of NFTs, these sales underscore the continued interest and investment in high-value digital collectibles. Interestingly, one of the transactions for #7804 was also noted to be equivalent to 251.04 BTC.