Just over 4 years ago, this NFT sold for $2M. The floor is now below 1 ETH. https://t.co/G5FOE9X4rd
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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The NFT market, exemplified by the CryptoPunks collection (specifically CryptoPunk #3026 shown in the image), has seen a dramatic decline. An NFT that sold for $2 million just over four years ago now has a floor price below 1 ETH, highlighting the significant depreciation in value for some high-profile digital assets. This serves as a cautionary tale regarding the volatility and potential for substantial losses in the NFT space.
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By beaniemaxi
Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.