Here's Why This Rare CryptoPunk NFT Just Sold For $88,526 In ETH
Portfolio Pulse from Benzinga Insights
CryptoPunk #6263, a rare non-fungible token (NFT) from the CryptoPunks collection, sold for 49.48 ETH ($88,526 USD). CryptoPunks are considered the ultimate rookie card for NFT collectors and their sales are a leading indicator for the NFT market. Ethereum is currently trading at $1,789.14, down 3.11% over the past 24 hours.
May 24, 2023 | 7:02 pm
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CryptoPunk NFT sale highlights the demand for Ethereum-based NFTs. Ethereum is currently trading at $1,789.14, down 3.11% over the past 24 hours.
The sale of CryptoPunk #6263 for 49.48 ETH ($88,526) demonstrates the demand for Ethereum-based NFTs. However, the current price of Ethereum is down 3.11% over the past 24 hours, indicating that the impact of this specific NFT sale on Ethereum's price is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80