Zombie Punk Sells For $1.08M – Is The NFT Market Recovering?

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The non-fungible token market continues to progress, moving beyond initial hype and evolving into a more established digital asset class. Despite the NFT market experiencing fluctuations, it remains a viable space with growth potential, particularly in areas like gaming, collectibles, and real-world asset tokenization. A few hours ago, a zombie punk NFT was sold for $1.08 million. This mega NFT sale solidifies that NFTs are still relevant despite the market meltdown.

Punks #3609 Sells For $1.08M

Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a non-fungible token explorer backed by American businessman and crypto investor Mark Cuban, indicates that the CryptoPunks #3,609 sold for over $1.08 million, just four hours ago. This top collectible sale has fueled daily sales volume for the CryptoPunks NFT collection by 1,000% to over $1.5 million.

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The Zombie Punk #3609 is a part of CryptoPunks, a globally acknowledged non-fungible token collection featuring a limited edition of 10,000 pixilated PFPs previously created by the digital asset incubation studio Larva Labs, but now managed by the Node Infinite Foundation (NODE). Before Node took over, the intellectual property (IP) for CryptoPunks was held by Yuga Labs, developer of the popular Bored Apes Yacht Club and Mutant Ape Yacht Club NFT collections.

The CryptoPunks NFT collection was launched in 2017 but drastically rose to glory in late 2021 during the historic NFT market bull run, which left many NFT collections reaching their all-time highs. Since then, the CryptoPunks NFT series has grown to become one of the premium NFT collections in the NFT market, with some of its rare tiers even trading for millions of dollars. For the longest time, the CryptoPunks’ NFT floor price has remained above 30 ETH.

CryptoPunk #3609 is a Zombie-type CryptoPunk NFT, characterized by a green skin tone and a zombie-specific appearance. It is a female CryptoPunk and has five attributes. The Zombie traits, along with the female designation and additional attributes, make it a sought-after and valuable NFT. It features a distinctive attribute, including a do-rag and an earring, ranking it as the 211th most valuable punk in the CryptoPunk NFT collection.

Punks #3609 NFT Hits Nearly 10x Floor

Mr. Adam Metaverse, a pseudonymous crypto investor who has just sold his CryptoPunks #3609 NFT collection, bought his Zombie Punk NFT collection on September 17, 2023. The Punk NFT changed hands for a staggering 420 ETH, estimated at roughly $684,000 at the time of purchase. During that time, the purchase of CryptoPunk #3609 NFT was considered a noteworthy event in the NFT space that signified the historical importance of these digital art collectibles. The Punks NFT sale shows that the NFT market is slowly recovering.

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