A rare CryptoPunks NFT just sold for $3.3 million—a $7 million loss for the seller when you factor in the falling price of Ethereum.
But when tax season comes around, that loss could end up saving the former owner millions if they play their cards right.
Early Friday morning, Punk #4156—whose rare traits include an “ape” appearance and a blue bandana—was sold for 2,691 ETH, roughly $3.3 million with ETH currently trading for around $1,200.
While, to the average person, $3.3 million might seem like a wild amount of money for an NFT—a unique blockchain token that signifies ownership—it was actually considered by some Punks collectors to be a lowball offer.
“Easily worth 25mil in my eyes,” tweeted borovik.eth, who owns Punk #3938.
“$3.2m is a joke for that ape but it might be tempting for the holder to accept,” Tank, owner of Punk #4227, wrote in a Twitter post before the bid was accepted.
Prior to today’s sale, Punk #4156 was purchased back in December 2021 for 2,500 ETH. That's 191...
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