Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
NFT Trader Dumps His Punk Into Bids For 4.2 WETH
By: cryptosheadlines|2025/05/08 10:30:02
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Join Our Telegram channel to stay up to date on breaking news coverageThe global non-fungible token market has shown some signs of recovery after suffering a brutal market downturn, with daily trading sales volume climbing back above $15 million. However, just like any other market, the NFT market has not run dry of shocking and funny occurrences. In a recent incident, an anonymous crypto trader has dumped his Punk NFT collection into bids for just 4.2 WETH.Trader Dumps His Punks For 4.2 WETHIn a May 7 blog post, Quit, a highly regarded crypto analyst with more than 90,000 followers on X (formerly Twitter), confirmed that an anonymous crypto trader dumped his CryptoPunk NFT collection into bids for just 4.2 WETH. This Punk bid fueled a heated debate on X, with many crypto users considering and terming that bid as an error. CryptoPunks is one of the leading NFT collections in the NFT market.This Punk just got dumped into bids for 4.2 WETHHumungous L for the seller, appears to be accidental pic.twitter.com/Nj1hvDokAl— Quit (@0xQuit) May 6, 2025Launched in 2017, CryptoPunks is a renowned non-fungible token collection from the digital asset incubation studio Larva Labs, featuring a limited edition of 10,000 pixilated NFTs hosted on the Ethereum blockchain network. The CryptoPunks NFT collection has grown to become one of the leading NFT collections in the NFT market, holding a market capitalization of nearly $1 billion. Several rare Punks from the CryptoPunks collection are worth millions of dollars.In March 2022, Yuga Labs, the creator of the globally acknowledged Bored Ape Yacht Club NFT collection, acquired the intellectual property of the CryptoPunks NFT collection. During the auction, the Bored Ape creator bought the Meebits NFT collection along with the CryptoPunks NFT collection. Meebits is a non-fungible token collection featuring a limited edition of 20,000 3D vowel characters hosted on the Ethereum blockchain network.Yuga Labs is also home to some of the leading NFT collections, including the Mutant Ape Yacht Club, a non-fungible token collection featuring a limited supply of 20,000 NFTs hosted on the Ethereum blockchain network, Otherside, Kodamara, Bored Ape Kennel Club, and Twelvefold. The Bored Ape Yacht creator, Yuga Labs, also holds intellectual property (IP) for the Moonbird Oddities, Grails, and Emotes NFT collections.What Went Wrong?Crypto users have regarded the controversial CryptoPunks bid as an ‘accident’ or an ‘error,’ with some claiming that maybe he intended to sell it for 42 WETH, which is an average floor price for the entire CryptoPunks NFT collection. Another NFT user has described this controversial bid as tax loss harvesting. In the meantime, the anonymous trader appears to have retracted this Punk bid.Related NFT News:Best Wallet – Diversify Your Crypto Portfolio Easy to Use, Feature-Driven Crypto WalletGet Early Access to Upcoming Token ICOsMulti-Chain, Multi-Wallet, Non-CustodialNow On App Store, Google PlayStake To Earn Native Token $BEST250,000+ Monthly Active Users Join Our Telegram channel to stay up to date on breaking news coverageSource link
You may also like
The most important thing in Web3 primary market investment
There is no perfect model, only builders who are respectful and responsible towards the market.
The strategic focus of cryptocurrency in reconstructing the international monetary system and the Chinese solution
Cryptocurrency has a significant impact on our country's international financial cooperation and creates great opportunities for enhancing our international financial discourse power. We must adapt to the new trends in the reform of the international monetary system, analyze the structural contradic...
Musk Poached Aave App's Web3 Prodigy
Aesthetic is a gift.
The Petro Order is Cracking. What Comes Next for the Middle East?
Ground War Begins, or Deterrence Takes Hold
ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?
The market is entering a crucial phase of equilibrium.
Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry
AI agents are becoming the true native users of cryptocurrency; they do not need a beautiful interface, just a wallet and a payment track. This wave of "machine commerce" may be the most rational narrative in the crypto industry for years, or it may just be another round of hype in a new bottle.
Bitpanda, Vision Web3 Foundation, and Optimism Partner to Onboard European Financial Institutions to the Global Blockchain Economy
Vision Chain aims to address the long-standing infrastructure bottlenecks in the European financial sector
What will the early Hyperliquid prediction market look like?
Unleash the Imagination Space of On-chain Finance
Overseas VC's Two-Week Trip to China AI Leaves Them in Awe of Shenzhen Hardware
Delphi Labs founder's two-week deep dive into China's AI ecosystem: More bullish on hardware than expected, more bearish on software than expected, and observations on Chinese founders that flipped his prior beliefs.
Was CZ Also Rug Pulled? BNB Treasury CEA Industries Control Battle
CEA Industries' mNAV drops to 0.68, YZi Labs personally steps in to clean up the mess
A transaction in 7 seconds, earning tens of millions of dollars, he's seen as the "cancer of meme coins."
The belief that "Day Trading Shitcoins is the Only Way to Make Money" has become their go-to strategy.
Bittensor Ecosystem Token SN Surges 5x in March, What's Behind Richard Heart's One-Liner?
What did Andrew Ng say? Did he say anything? Is Distributed AI Training Feasible?
The economy is entering a new cycle, how can the average person prepare?
The key is not how much you earn, but whether you have cash flow, low leverage, and the ability to earn consistently
Access Binance Alpha Box: Sigma.Money to Launch BNB Chain Ecosystem Yield Farming Gateway
Sigma.Money's innovation is now translating into tangible market momentum.
Kimi, Chip, and Bean come together for a Crypto Hackathon: What did AI developers build on Monad?
Monad Ecosystem AI Deployment, More Than Just a Hackathon.
How to Trade Crypto on Mobile Browser & Win LALIGA Tickets (2026 Guide)
Discover how AI automation, natural language trading, and mobile browser trading platforms are shaping automated trading in 2026. Join the WEEX live trading event for early access and rewards like LALIGA VIP tickets.
Connecting encryption, TradFi, and payments, is Gate completing the final puzzle of the "super APP"?
Why is it said that TradFi is not a short-term narrative?
a16z Crypto Operating Partner: Wall Street is undergoing its biggest infrastructure upgrade in 30 years
What is currently happening is the largest infrastructure upgrade in the capital market since the rise of electronic trading thirty years ago.
The most important thing in Web3 primary market investment
There is no perfect model, only builders who are respectful and responsible towards the market.
The strategic focus of cryptocurrency in reconstructing the international monetary system and the Chinese solution
Cryptocurrency has a significant impact on our country's international financial cooperation and creates great opportunities for enhancing our international financial discourse power. We must adapt to the new trends in the reform of the international monetary system, analyze the structural contradic...
Musk Poached Aave App's Web3 Prodigy
Aesthetic is a gift.
The Petro Order is Cracking. What Comes Next for the Middle East?
Ground War Begins, or Deterrence Takes Hold
ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?
The market is entering a crucial phase of equilibrium.
Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry
AI agents are becoming the true native users of cryptocurrency; they do not need a beautiful interface, just a wallet and a payment track. This wave of "machine commerce" may be the most rational narrative in the crypto industry for years, or it may just be another round of hype in a new bottle.
App