Rare CryptoPunk NFT sells for $6M with seller absorbing a $10M loss amid NFT price slump
A rare CryptoPunk NFT just sold for $6 million at a staggering $10 million loss amid the continued slide in NFT prices.
CryptoPunk #3100, one of just nine Alien Punks in the original 10,000-piece collection, was sold for 4,000 Ethereum ( ETH ), worth about $6.07 million at the time of sale, according to an Apr. 10 transaction flagged by Arkham on X. The art brokerage firm Fountain reportedly brokered the sale, which was finalized through a private offer on the CryptoPunks marketplace.
NFT TRADER DOWN $10M ON CRYPTOPUNK This NFT Trader bought an Alien Cryptopunk 1 year ago for 4.5K ETH ($16M). He just sold it for 4K ETH ($6M). He just locked in a $10M loss. Address: 0x70587661c804c72BBa25EcddD8d17B332C984017 pic.twitter.com/765PHvUzob
When the NFT was first bought by the anonymous seller in Mar. 2024, it was the third-largest CryptoPunk transaction at the time, costing 4,500 ETH, or about $16 million. But with Ethereum’s price down roughly 56% over the past year, the seller’s 500 ETH loss turned into a net $10 million hit in dollar terms.
CryptoPunk #3100 is now listed three times in the all-time top sales leaderboard for CryptoPunks, having previously sold for $7.58 million and $16.03 million. Despite CryptoPunks remaining the top-tier profile picture NFT collection, its financial performance has taken a hit.
The collection’s floor price has dropped 67% from its all-time high of 125 ETH set in 2021, now averaging 42.5 ETH, as per CoinGecko data . At that time, ETH was trading at around $3,500, placing the floor price above $400,000 compared to just $65,900 at press time.
As NFTs’ popularity and asset prices continue to fall , the industry has been facing significant pressure. In Q1 2025, NFT trading volume fell to $1.5 billion, a 24% decrease from Q4 2024, according to DappRadar’s Q1 report .
Despite only a slight drop in trading activity, the steep drop in volume indicates fewer high-value transactions rather than a decline in users. CryptoPunks still commands a sizable share of the market, making up 23% of the $2.7 billion global NFT market capitalization.

Bitcoin (BTC) has rebounded from oversold conditions (RSI ~19.76 in Feb 2025) and is trading at $80,000-$85,000 in early April 2025, up from a low near $78,000 but below its $100K+ peak in Dec 2024. This recovery, driven by eased macro fears, ETF inflows, and technical buying, sets the stage for its next moves, which will ripple into Solana (SOL), given their market correlation and your focus on SOL’s future.
BTC’s Future Outlook
1 Short-Term (Weeks-Months):
◦ Upside: Holding $80K support could push BTC to $90K-$95K, with momentum eyeing $110K if ETF buying and sentiment stay strong.
◦ Downside: A break below $80K may test $78K-$73K (CME gap, key support). Bears on X warn of $70K if selling resumes.
◦ Drivers: ETF flows, US inflation data, tariff policy clarity.
2 Mid-Term (2025):
◦ Bull Case: Post-halving supply crunch, institutional adoption (e.g., MicroStrategy), and pro-crypto policies could drive BTC to $110K-$120K. Trump’s “crypto capital” rhetoric adds tailwinds.
◦ Bear Case: Macro shocks (recession, tariffs) or regulatory hurdles could drag BTC to $60K-$70K. Volatility remains high (6-10% daily swings).
◦ Catalysts: Global ETF approvals, Bitcoin dominance trends.
3 Long-Term (2026+):
◦ BTC’s scarcity and adoption point to $150K-$200K by 2027, but 20-30% corrections are normal. Competition from alts like SOL could dilute focus.
Solana’s Connection
• Price Impact: BTC’s rally to $100K+ could lift SOL to $300-$400, fueled by Firedancer (scaling TPS to 1M) and ETF buzz. A BTC dip to $70K might pull SOL to $100-$120, though DeFi/NFT strength ($11B+ TVL) offers resilience.
• Ecosystem: SOL’s DeFi (Jupiter), NFTs (Magic Eden), and meme coins ($WIF, $BONK) thrive with market hype but risk volatility. A $200M SOL unlock (March 2025) could pressure prices unless BTC’s bullish.
• Edge: Solana’s low fees (<$0.001) and speed (~2,000-3,000 TPS) position it for payments (Solana Pay) and consumer apps (Solana Seeker), amplifying gains in a BTC-led bull run.
Risks
• BTC: Macro downturns, regulatory crackdowns, or ETF outflow spikes could trigger sharp drops. High dominance may squeeze altcoins.
• SOL: Network outages (rare since 2024), Firedancer delays, or meme coin crashes could dent confidence. Competition from Ethereum L2s (Arbitrum) and layer-1s (Aptos) looms.
• Market: Both face volatility tied to global economics and sentiment swings (X posts range from $120K to $70K for BTC, $500 to $100 for SOL).
Monitor
• BTC: $80K support, $85K resistance, $90K breakout. ETF flows, policy news.
• SOL: Firedancer rollout (Q1-Q2 2025), TVL, active wallets (~500K), meme coin volume (Dune Analytics).
• Broader: Bitcoin dominance, US crypto regulations, tariff impacts.
Bottom Line
BTC’s oversold rebound signals a potential climb to $90K-$110K in 2025, with $120K possible if halving effects and institutions align, but $70K-$73K looms if macro or regulatory risks hit. For Solana, BTC’s strength could drive SOL to $300+, bolstered by Firedancer and ecosystem growth, though dips to $100 are possible in a downturn. Both hinge on execution and market sentiment—stay vigilant.
Anything specific to zoom in on?

$RARE To conduct a **deep analysis of the RARE coin** using Elliott Wave theory and Fibonacci levels across the 1-hour, 4-hour, and 8-hour time frames, we will examine the recent price history and apply the principles of Elliott Wave analysis. Here’s a systematic breakdown:
### **Current Price Overview**
- As of **2025-04-11 04:06:39 UTC**, the latest RARE price is approximately **$0.06219**.
- Recent price history indicates fluctuations, with the price moving from **$0.06157** to **$0.06223** within the last few hours.
### **Elliott Wave Analysis**
Elliott Wave theory suggests that market movements follow a repetitive pattern of waves. Here’s how we can apply this to RARE:
#### **1-Hour Time Frame**
- **Recent Waves**: The price has shown a corrective pattern, suggesting a potential Wave A-B-C structure.
- **Support Levels**:
- **$0.06157** (recent low) could act as immediate support.
- **Fibonacci Retracement**: The 61.8% level from the last significant high may align around **$0.0617**.
- **Resistance Levels**:
- **$0.06223** (recent high) is the immediate resistance.
- A breakout above this level could target the next Fibonacci extension level around **$0.0625**.
#### **4-Hour Time Frame**
- **Wave Structure**: A more extended view may reveal a larger corrective wave, possibly indicating the end of Wave B and the beginning of Wave C.
- **Support Levels**:
- **$0.0617** aligns with the 61.8% Fibonacci level from the previous high.
- **$0.0615** could serve as a psychological support level.
- **Resistance Levels**:
- **$0.0623** is a key resistance point, with a breakout potentially leading to **$0.0628**.
- **$0.0630** could be the next target if bullish momentum continues.
#### **8-Hour Time Frame**
- **Longer-Term Waves**: The 8-hour chart may reflect a more significant trend, potentially indicating a Wave 3 formation if the bullish momentum persists.
- **Support Levels**:
- **$0.0615** is critical for maintaining upward momentum.
- A deeper correction could see support at **$0.0610**, aligning with previous lows.
- **Resistance Levels**:
- **$0.0625** is a significant resistance level, with potential Fibonacci extensions targeting **$0.0635**.
- If the price breaks above **$0.0630**, it could signal the start of a new bullish phase.
### **Fibonacci Levels Summary**
| Time Frame | Support Levels | Resistance Levels |
|------------|----------------|-------------------|
| 1-Hour | $0.06157, $0.0617 | $0.06223, $0.0625 |
| 4-Hour | $0.0617, $0.0615 | $0.0623, $0.0628 |
| 8-Hour | $0.0615, $0.0610 | $0.0625, $0.0630 |
### **Conclusion**
- The RARE coin is currently in a corrective phase, with potential support and resistance levels identified across multiple time frames.
- **Traders should monitor** the price action closely around the identified levels, as breakouts or reversals could signify significant trading opportunities.
- **Elliott Wave patterns** suggest that if the price can hold above the support levels, there may be potential for upward movement in the near term.
This analysis provides a comprehensive view of RARE's price action and potential future movements based on Elliott Wave theory and Fibonacci levels. 📈
Rare NFT CryptoPunk #3100 was sold for 4,000 ETH ($6M), down from its previous sale of 4,500 ETH ($16M) in March 2024—a nearly $10M loss due to ETH price drop. That 2024 sale was the third-largest single NFT transaction in history, per CryptoSlam. Despite being a legendary collection, trading volumes for CryptoPunks, BAYC, Azuki, and Pudgy Penguins have plummeted since 2022. In May 2024, Yuga Labs—owner of the CryptoPunks IP—announced it would no longer manage the collection after backlash over a spin-off project.
BABY/USDT Soars Over
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BABY/USDT Soars Over 3,900% in a Single Day! What’s Going On?
The crypto market has delivered another shocking surprise as BABY/USDT exploded by a staggering +3,983.50% in just 24 hours, according to Bitget. The token price surged from a low of $0.002000 to a high of $0.160000, before settling at $0.081670 at the time of capture.
With a 24-hour trading volume of 376.65 million BABY and a turnover of $36.62 million USDT, it's clear that something major just happened. The candle for the day speaks volumes — an almost vertical climb, catching the attention of traders and investors across the globe.
This kind of movement is extremely rare and could be the result of several factors: major news, a listing announcement, strategic partnerships, or large-scale investor interest. Regardless of the cause, it's creating massive hype around the token.
But what’s next? Will BABY continue its upward momentum, or is this just a flash pump?
Caution is key. While the potential for gains is exciting, volatile surges like this often attract both opportunists and manipulators. Always do your own research (DYOR), check the fundamentals, and monitor updates from the project team.
For now, BABY is on everyone’s radar, and it’s worth watching closely over the next few hours and days. Whether you’re considering jumping in or just spectating, this kind of move is why crypto remains one of the most thrilling markets in the world.
Have you caught the BABY wave yet? Let’s discuss.
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