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CryptoPunk Mistakenly Sells at Over 99% Discount, NFT Sales Plunge Again
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cryptonews.comCryptoPunk 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
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