 
 
A highly coveted CryptoPunk non-fungible token (NFT) has been sold at an astonishing 80% discount, highlighting the current challenges within the NFT market.
On August 19, 2024, CryptoPunk #5822, previously purchased by Deepak Thapliyal for 8,000 ETH (about $23.2 million in 2022) was resold for just 1,500 ETH netting the owner approximately $3.9 million. Following the sale, the prominent figure in the NFT space took to X (formerly Twitter) to bid a fond farewell to the NFT, wishing its new owner well in their possession of the prized token.
Notably, the sale price remained undisclosed initially, fueling speculation among community members about the transaction amount. The uncertainty was later resolved when the buyer, known as VOMBATUS on X, confirmed the purchase, suggesting the low sale price was akin to getting a “free” token.
At press time, CryptoPunk…
