The CryptoPunk NFT market is experiencing a downturn, with significant losses realized by some holders. CryptoPunk 3100, which was sold for 4,000 ETH, reflects this decline, representing a $10 million loss from its previous purchase price of $16 million. Once at the height of NFT enthusiasm, where sales peaked at $56 million in 2024, the NFT market has recently seen a drop in overall trading volumes to levels similar to early 2021. The floor price for CryptoPunks currently stands at 42 ETH, around $65,000, despite the rarity and unique features of specific tokens like CryptoPunk 3100, which is classified as an 'alien' and includes distinctive attributes. This trend indicates that while rare CryptoPunks still fetch high prices, many holders are opting to divest due to the overall market decline.

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