Tag: investmentloss

CryptoPunk #3100's $10M Loss: NFT Winter or Market Correction?

CryptoPunk #3100's $10M Loss: NFT Winter or Market Correction?

It wasn’t long ago that the NFT market was the Wild West of the digital ownership frontier. It has come down dramatically from its high water mark of 2021. Perhaps the most dramatic testament to this transformation was the recent $7.6 million sale of CryptoPunk #3100, one of the rarest...

CryptoPunk #3100 Sale Results in $10M Loss Amidst ETH Value Decline

CryptoPunk #3100 Sale Results in $10M Loss Amidst ETH Value Decline

The recent sale of CryptoPunk #3100 incurred a loss of almost $10 million for the seller. The sale highlights the volatile nature of NFT investments, particularly when tied to the fluctuating value of cryptocurrencies like Ethereum (ETH). The shocking loss comes as a result of ETH’s value crashing quickly. This...

This $10M CryptoPunk Loss Exposes NFT's Fatal Flaw

This $10M CryptoPunk Loss Exposes NFT's Fatal Flaw

Somebody just made $10 million on a CryptoPunk disappear. Let's be clear: while I might feel a tiny sliver of sympathy, the bigger picture is far more important than one person's misfortune. This isn’t an unfortunate trade deal gone wrong, it’s the entire game rigged against American workers. This particular...