Log in

News

Rare alien CryptoPunk digital collectible sells for 605 ETH

Updated: Jul 25, 2024
Published: Jan 24, 2021
0
Share:

The non-fungible token (NFT) market is blowing the charts after a rudimentary digital collectible sold for more than $750K in Ether. 

Post Feature Image

As the NFT market continues to enjoy a bull-run, the sale of a rare alien digital art for 605 Ether is an indication that the sector is booming.

CryptoPunks are considered to be the original NFT project that was released long before the popular Cryptokitties was known. Cryptokitties is credited for taking NFTs to the mainstream audience.

Each Punk has its own uniques attributes that include background color, accessories, and some rare features such as ‘alien’ or ‘zombie’ appearance. There are only nine Punks in existence. 

FlamingoDAO, a decentralized autonomous organization (DAO) that invests in digital collectibles, is the new buyer. Flamingo is a fund consisting of 40 members who pooled in 4,800 Ether.

The fund has hundreds of NFTs and its war chest include Autoglyphs, NBA Top Shot cards, and many more.

Flamingo is optimistic about the future of the NFT market despite many people being skeptical. Critics are questioning why the Punk should be sold for such high prices.

It’s understandable for folks to be skeptical about NFTs, but in our view, NFTs are the future of not just digital art, but all digital property. It’s the tip of a very large spear.” - Flamingo

A competitive bid

The unknown owner of the Punk put it put for sale early Saturday morning and Flamingo quickly acted to buy CryptoPunk 2890, and own one of the rare digital collectibles.

However, they had to shrug off some serious competition from a prominent DeFi personality who placed a losing bid of 500 ETH. 

The Punk was last sold in July 2017 and fetched a price of 8 ETH, equivalent to $2,127 at the time. In ETH terms, the owner’s return on investment is more than 75x. This figure is even higher in USD terms as Ethereum is enjoying a bull run. 

CryptoPunks developers Larva Labs claim that the lifetime sales of the Punks have raked in $26 million on their native market place, with each Punk being sold for an average of $6,199 over the past year.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
Time Sensitive: The 4x Market-Neutral Trade Everyone’s Missing
PRO
Research Report
Time Sensitive: The 4x Market-Neutr...Opportunities like this are rare in crypto. Most launches are driven by hype or speculation with no ...
11 min read
Oct 27, 2025
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025
Update: The Latest on Our Top Meme Pick
PRO
Research Report
Update: The Latest on Our Top Meme ...This coin started as a meme but now it’s a movement. The diamond-hand community continues to grow, c...
12 min read
Oct 24, 2025