This CryptoPunk NFT Just Sold For $132,810 in ETH
Portfolio Pulse from Benzinga Insights
CryptoPunk #1663, a digital art NFT, sold for 69.69 ETH ($132,810 USD). CryptoPunks are a generative art collection and one of the first NFT applications for digital art. Their value is determined by attributes, with some being rarer and more coveted. CryptoPunk sales are a leading indicator for the NFT market.
June 02, 2023 | 7:01 pm
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CryptoPunk #1663 sold for 69.69 ETH ($132,810), indicating strong demand for NFTs. Ethereum is currently trading at $1,905.71, up 1.79% over the past 24 hours.
The sale of CryptoPunk #1663 for 69.69 ETH ($132,810) demonstrates a strong demand for NFTs, which are primarily built on the Ethereum blockchain. This demand could positively impact the price of Ethereum in the short term, as more people buy ETH to participate in the NFT market. Ethereum's price has increased by 1.79% over the past 24 hours, which may be partially influenced by the CryptoPunk sale.
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