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CryptoPunk #5822 Changes Hands For 23.7 Million USD

CryptoPunks saw a new record secondary sale for an impressive sum of 8,000 ETH.

 

The fourth most valuable NFT in the world

#5822 is among the only nine CryptoPunks NFTs with the Alien trait, making it one of the rarest pieces in one of the most esteemed NFT collections. With a sale price of 23.7 million USD, it is now the highest valued CryptoPunks.

Overall, CryptoPunk #5822 is the fourth most valuable NFT in the world. The most expensive NFT is of course Beeple’s collage The First 5000 Days, valued at 69 million USD, followed by Pak’s NFT clock (54 million USD) and Beeple’s Human One (29 million USD).

Chain.com CEO apes into Ether

Reportedly, CryptoPunk #5822 was purchased by Chain.com CEO Deepak Thapliyal. He bought the NFT from the Larva Labs marketplace, aided by the DeFi lending protocol Compound.

On-chain analysis of his address shows that Thapliyal deposited 20,000 ETH as collateral (57.8 million USD) in order to take out a loan of 25.1 million USDC. He then converted the USDC including his other stablecoin holdings into ETH using various decentralized exchanges.

This article was originally published on CryptoCoin.News

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