While a significant portion of the non-fungible token market has suffered a serious decline, with reports reportedly suggesting that more than 70% of collections are now considered ‘dead’ or worthless, specific segments of the NFT market remain profitable. Earlier today, an investor who bought his CryptoPunk in August 2021 for 42 ETH ended up selling it for 120 ETH, making almost $300,000 in solid profits.
In other news, three hours ago there was a Hoodie CryptoPunk sale of 120 ETH ($382k USD).
The seller bought it 5 years ago, August 2021, for 42 ETH ($83k USD).
Nice flipping pic.twitter.com/ODUzapWF3g
— wale.moca 🐳 (@waleswoosh) January 20, 2026
Iconic hoodie Punk NFT sells for $382,000
Data collected by CryptoSlam.ioan on-chain crypto market aggregator and non-fungible token explorer that tracks NFT collections from over 20 blockchain networks, confirmed that the iconic Hoodie Punk #9901 has found a new holder. This NFT collection, which was previously purchased for 42 ETH, equivalent to 87,299 five years ago, was sold for 120 ETH, equivalent to $382,026. This humble and patient investor has pocketed almost $300.00 in profits.
In response to the recent mega sell-off, the CryptoPunks NFT collection increased 60% to +$1.3 million in the last 24 hours. During this period, the global NFT market increased by 108% to $14 million, while Ethereum NFT trading volume increased by 274% to $9.9 million. Other NFT collections that have soared today include the Pudgy Penguins, which are up +50%, and the Moonbirds, which are up 82%.
Launched in 2017, CryptoPunks is a globally recognized non-fungible token series that previously came from the digital asset company ‘Larva Labs’, but is now managed by the non-profit organization Infinite Node Foundation. The iconic NFT collection, Punks, has a fixed supply of 10,000 pixelated NFTs hosted on the Ethereum blockchain. The CryptoPunks is one of the leading NFT series in the global NFT market.
What is the future of Punks NFTs
The iconic Punk NFT collection came into the spotlight in 2021 during the historic NFT bull run. Back then, rare punks were sold for millions of dollars. Nevertheless, the future of Punk’s NFTs is shifting from speculative art to long-term preservation as ‘blue-chip’ digital art. As pioneers in the NFT space, punks are being cemented as historical artifacts, with their value increasingly tied to their cultural significance and status as evidence of digital ownership.
Related NFT news:
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