![](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NDY5NDktZTllYy03Mzg5LTkwZmUtN2JiM2QwM2Y1OTRh.jpg\")
<\/p>\n\n<\/p>\n\n
<\/p>\n
An investor has sold a CryptoPunk non-fungible token (NFT) at a nearly $10 million realized loss, reflecting the continued decline in the once-booming blue-chip NFT market.<\/p>\n
A whale, or large cryptocurrency investor, sold a CryptoPunk NFT for 4,000 Ether (ETH<\/a>) worth more than $6 million at the time of writing.<\/p>\n The investor originally purchased the NFT for 4,500 ETH, or roughly $15.7 million, a year ago, according to blockchain analytics firm Lookonchain.<\/p>\n \u201cDid he only lose 500 $ETH($774K)? No\u2014he actually lost $9.73M!\u201d Lookonchain wrote in an X post. \u201cWhen he bought it, $ETH was trading at $3,509. By the time he sold, $ETH had dropped 57%,\u201d the platform added.<\/p>\n CryptoPunk buy and sell. Source: Arkham Intelligence \/ <\/em>Lookonchain<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n Despite the steep loss, the $6 million transaction still ranks as the largest NFT sale over the past 30 days, according<\/a> to data from CryptoSlam.<\/p>\n Top NFT sales past 30 days. Source: <\/em>CryptoSlam<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n The sale comes during a period of stagnation for NFTs, which have been lacking wider trader interest. NFT trading volume on Ethereum is down more than 53% over the past month, while Polygon\u2019s NFT trading volume fell 41%.<\/p>\n CryptoPunks saw a<\/a> temporary floor price surge of 13% after rumors that its owner, Yuga Labs, might be \u201cin the process\u201d of selling the collection\u2019s intellectual property, Cointelegraph reported on Jan. 14.<\/p>\n Related: <\/strong><\/em>Sentient completes record 650K NFT mint for decentralized \u2018loyal\u2019 AI model<\/strong><\/em><\/a><\/p>\n The top blue-chip NFT collections remain significantly down from their 2021 highs amid a lack of trading activity.<\/p>\n CryptoPunks currently have a floor price of about 43 ETH, or $68,000, down more than 61% from their record high of 113.9 ETH in October 2021.<\/p>\n CryptoPunks NFT floor price, all-time chart. Source: <\/em>NFTpricefloor<\/em><\/a>\u00a0<\/em><\/p>\n<\/figcaption><\/figure>\n The Bored Ape Yacht Club\u2019s floor price is also down 89%, while the Mutant Ape Yacht Club collection is down 93%, NFTpricefloor<\/a> data shows.<\/p>\n Related: <\/strong><\/em>Trump family memecoins may trigger increased SEC scrutiny on crypto<\/strong><\/em><\/a><\/p>\n However, the Pudgy Penguin collection<\/a> remains an outlier. It reached a new all-time high of over 25 Ether on Dec. 16, 2024, and amassed the highest sales volume of over $72 million in the first quarter of 2025, Cointelegraph reported on March 28.<\/p>\n Source: <\/em>Yuga Labs<\/em><\/a>\u00a0<\/em><\/p>\n<\/figcaption><\/figure>\n At the start of March, the US Securities and Exchange Commission closed its three-year investigation into Yuga Labs, an investigation initiated under former Chair Gary Gensler, which aimed to probe NFT creators and marketplaces, to see if some NFTs, such as fractional NFTs<\/a>, were securities.<\/p>\nBlue-chip collections see steep drop<\/h2>\n