One of the rarest Punks just sold at a huge loss. CryptoPunk #3100, an Alien Punk with a headband, sold for 4,000 ETH. That’s around $6 million. The seller had bought it for 4,500 ETH in March 2024, worth $16 million at the time. That’s a $10 million loss in just over a year.
CryptoPunks were once the top NFTs. In 2021, the floor price hit over $400,000, and big names bought them as status symbols. Now, the hype is fading.
The buyer used a wallet funded by Coinbase Prime. The deal was private, likely brokered by Fountain, a crypto art firm. This same Punk sold before for $7.58 million and $16.03 million. The most recent sale is now one of the biggest losses in NFT history.
Ethereum’s price drop is part of the problem. ETH is down 57% over the past year. The NFT market is also quiet. Floor prices have dropped fast. CryptoPunks’ floor has fallen 44% in the last 90 days. It’s now under $65,000, according to NFT Price Floor.
While some events, like the PENGU airdrop, have sparked brief interest, they haven’t reversed the downward trend. The PENGU airdrop, initiated by Pudgy Penguins, distributed 25.9% of its 88.88 billion token supply to its community and other Web3 participants. Eligibility was determined at the time of token generation, not by a prior snapshot, allowing current holders of qualifying assets to claim tokens. Despite the initial excitement, the airdrop’s impact was short-lived.
This NFT sold for a jaw-dropping $16M in March 2024.
Today? The seller is sitting on a $10M loss that’s a brutal 62.5% drop in just over a year.
CryptoPunk #3100 was the second-highest sale in Punk history… and now it's a painful reminder that not all bags moon.
Welcome to… https://t.co/r8bMq4Bo70
— | The Heroman (@heroman0x) April 10, 2025
Could Solaxy Be a Better Investment Than Old CryptoPunks NFT? Nearly $30 Million Raised in Presale
As the NFT market evolves, the focus moves from static collectibles to dynamic, utility-driven projects. For many, the era of high-priced pixel art is giving way to innovations that offer tangible benefits and broader applications.
That includes new projects like Solaxy (SOLX). It’s a Layer 2 chain on Solana. The branding is fun, but the tech is serious. It promises fast swaps, low fees, and better scale. It’s also compatible with other chains, and the presale is growing.
For many traders, old NFTs like Punks no longer offer growth. Projects like Solaxy offer more utility and potential upside. With SOLX still at $0.00169, early buyers hope this one takes off.
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Solaxy Could Reshape The Future Of Solana As Its First Layer-2
Solaxy is aiming to be Solana’s first true Layer 2 chain. Its mission is simple: faster, cheaper, and more reliable blockchain. The team says it can process high volumes without sacrificing security.
Gas fees are lower, swaps are quicker, and it works across chains. For developers and users, this means more freedom and less waiting.
Ethereum is struggling behind. Even Bitcoin has outperformed ETH lately. But Solana has held its ground. It’s fast and more efficient. That makes it a solid foundation for a Layer 2 like Solaxy.
The presale is still live. SOLX is priced at $0.00169. It’s raised nearly $30 million so far. The roadmap looks steady: token launch, cross-chain bridge, listings, and full mainnet deployment.
The tokenomics show long-term planning, with 30% going to development, 25% to community rewards, 20% to the treasury, 15% to marketing, and 10% to exchange listings.
Users can buy SOLX using MetaMask or an app called Best Wallet. Best Wallet supports 60+ blockchains. It doesn’t ask for ID or KYC. It’s private and simple to use. There’s also an airdrop campaign where users earn free BEST tokens.
While NFT holders are taking losses, others are exploring fresh projects. Solaxy might be one of the better ones, as it is built on a strong network, a clear plan, and an active development team.
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Key Takeaways
- Massive Losses – A rare CryptoPunk (#3100) was sold for $6 million, resulting in a $10 million loss for the seller due to Ethereum’s decline and shrinking NFT demand.
- Market Decline – The CryptoPunks floor price has dropped 44% in the last 90 days, now sitting around $65,000—far from its 2021 high of $400,000.
- Short-Lived Hype – Events like the PENGU airdrop brought brief attention, but they haven’t reversed the broader downtrend in the NFT market.
- Solaxy Rising – Solaxy has raised nearly $30M by offering fast swaps, low fees, and real utility on Solana.
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