CryptoPunk 7557, one of the 55 non-fungible tokens (NFTs) in the collection that sports a tiara, was sold at more than 99% discount for ETH 4.444 (USD 19,000 at the time of writing) possibly due to a mistake on Monday. In either case, the hype around NFTs is cooling down once again. Per Larva Labs, the developer of CryptoPunks, the latest tiara punk was traded at ETH 196.69 (USD 828,000) last week, while the cheapest punk of this category was sold for ETH 45 (USD 196,000) back in August, which suggests that the seller possibly listed the NFT at the wrong price. The seller purchased the punk in early July for around ETH 60 (USD 135,000). Two months later, they offered it for ETH 8,880 (USD 31m). Since the punk did not sell at that price, the owner withdrew the offer yesterday and issued another offer: ETH 4.44. Possibly, the owner intended to submit an ETH 4,440 price tag, half of the prior offer, but they mistakenly proposed a much lower price. The buyer, confronting an over 99% discount on a rare punk, hoovered it up instantly, even paying an ETH 3.33 priority fee to ensure they are getting the NFT before anyone else. The new owner has since put the punk on sale, asking for ETH 325 (USD 1.4m), which is still the lowest price for a punk with a tiara. And this is happening at a time when the hype around NFTs is cooling down once again this year… - - #nft #nftartist #aviico #cryptocurrency #aviiconft #nftcollector #nftart #cardano #nftnews #nftssold #explaining #cryptonews #environment #solvingwithnft #nftsanimation #potentialnfts #aviicoinvesting #goodchoiche #getrich #nocopyright #studentscompany #ProjectAviico #cryptopunks https://www.instagram.com/p/CWd2PGXsWJd/?utm_medium=tumblr















