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<ul><li><keyword id="12459644" type="General" weightage="20" keywordseo="cryptopunk-7557" source="Orion">CryptoPunk 7557</keyword> sold for a 97% discount on <keyword id="11928103" type="General" weightage="20" keywordseo="opensea" source="Orion">OpenSea</keyword> today, in a second unusual <keyword id="12061595" type="General" weightage="20" keywordseo="cryptopunks" source="Orion">CryptoPunks</keyword>’ sale over the last seven days.</li><li>The <keyword id="4668945" type="General" weightage="20" keywordseo="nft" source="Orion">NFT</keyword> was auctioned off at 4.444 Ether, which The Block suspects was a punctuation error with the decimal point intended to be a comma.</li><li>Instead of $19.4 million, the seller had to accept a price of $19,400.</li></ul>CryptoPunk 7557 sold for just 4.444 Ether (ETH), which is worth around $19,400, today. According to <a href="https://www.theblockcrypto.com/linked/122884/cryptopunk-worth-850000-sells-for-just-a-fraction-of-its-price?utm_source=telegram&amp;utm_medium=social">The Block</a>, its market value is more along the lines of $850,000 and the sale was the result of a punctuation mistake. It postulates that the buyer actually meant to sell the CryptoPunk for 4,444 ETH amounting to $19.4 million — not $19,400. CryptoPunk 7557 is one of the only 55 non-fungible tokens (<a href="http://coindcx.com">NFTs</a>) within the CryptoPunks collections that features a tiara giving it the name ‘Tiara Punk’ within the crypto community. And, the last one sold for a whopping $843,000. Even the company behind the development of CryptoPunks, LarvaLabs, pegs the cheapest ‘Tiara Punk’ at a price of 350 ETH, which is approximately $1.5 million. Historical data on <a href="https://cryptoslam.io/cryptopunks/mint/7557">CryptoSlam.io</a>, a database of non-fungible tokens (NFTs), shows that the buyer originally bought the CryptoPunk for $134,487 four months ago. Since then, the market value of CryptoPunks has exploded, especially amid the onset of ‘Uptober’. Had CryptoPunk 7557 been sold for $19 million, the former owner would have seen 141-fold return on their investment. <cmsannotation type="cmsannotation" annotationid="This is the second unusual CryptoPunks’ sale in the last seven days" comment="subhead" text="This is the second unusual CryptoPunks’ sale in the last seven days">This is the second unusual CryptoPunks’ sale in the last seven days</cmsannotation> Last week, CryptoPunk 998, sold for $532 million and was momentarily thought to be the most expensive NFT in the collection. However, it later <a href="https://twitter.com/larvalabs/status/1453903818308083720">turned out</a> that it was actually the owner pumping up the CryptoPunk’s price by selling it to themselves using a flash loan but not before Crypto Twitter was already questioning the deal — theories ranged from the transaction being a scam or security exploit to allegations of money laundering. <div type="Article" hostid="261" msid="87368099" title="A CryptoPunks NFT sells for an eye-popping $532 million - but the purchase isn't all it seems" mstype="2" mssubtype="0"></div> CryptoPunks are a collection of 10,000 digital avatars, each with their own unique combination of features like an <a href="https://www.businessinsider.in/cryptocurrency/news/a-cryptopunk-nft-called-covid-alien-was-bought-for-11-8-million-by-draftkings-largest-shareholder-in-a-sothebys-auction/articleshow/83416839.cms">alien</a> with a mask and hat or a <a href="http://ncy/news/cryptopunk-nft-sold-for-2-million-delivered-over-27000-return-on-investment/articleshow/87304307.cms">zombie</a> with crazy hair and a chip strap. In October, nine of them sold for <a href="https://www.businessinsider.in/cryptocurrency/news/cryptopunk-nft-sold-for-2-million-delivered-over-27000-return-on-investment/articleshow/87304307.cms">upwards of $1 million</a>. This month the highest sale so far clocked in at $676,313 for CryptoPunk 7088. The Cryptopunks collection is the second biggest NFT project in the world worth over $1.6 billion, according to <a href="https://cryptoslam.io/">CryptoSlam.io</a>. SEE ALSO: <a href="https://www.businessinsider.in/investment/news/amitabh-bachchan-nft-collection-hits-520000-all-time-high-for-an-nft-in-india-on-day-one/articleshow/87488171.cms">Bid for Amitabh Bachchan's NFT collection hits $520,000 — all time high for an NFT in India on day one</a> <a href="https://www.businessinsider.in/investment/news/crypto-firm-crosstower-partners-with-south-asian-engagement-forum-to-celebrate-diwali-at-world-trade-center-in-new-york/articleshow/87484056.cms">Crypto firm CrossTower will be celebrating Diwali at the World Trade Centre with fireworks over the Hudson River in New York</a> <a href="https://www.businessinsider.in/investment/news/cryptocurrency-faqs-everything-you-need-to-know-about-the-cryptocurrencies-the-crypto-market-and-everything-in-between/articleshow/87465186.cms">Cryptocurrency FAQs — Everything you need to know about the cryptocurrencies, the crypto market and everything in between</a>

Another bizarre CryptoPunks' sale in the last seven days — this time for an unreasonably cheap price

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Another bizarre CryptoPunks' sale in the last seven days — this time for an unreasonably cheap price

Prabhjote Gill

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