A CryptoPunks non-fungible token (NFT) recently fetched a price of $6 million in a transaction that caught the attention of the cryptocurrency community. This particular NFT had previously changed hands for a staggering $16 million just one year prior, sparking discussions about the fluctuating values of digital assets within the crypto space.

CryptoPunks are widely regarded as one of the pioneering NFT projects, consisting of 10,000 unique pixelated characters created by Larva Labs. Each CryptoPunk holds its own distinct features and attributes, making them highly sought after by collectors and enthusiasts in the NFT market.

The recent sale of the CryptoPunks NFT for $6 million highlights the volatility and speculative nature of the NFT market

Source: https://decrypt.co/314425/cryptopunks-ethereum-nft-sells-6-million