Seedphrase sells sole seven-trait CryptoPunk on Gondi
CryptoPunk #8348, the only seven-trait piece in the 10,000-item collection, has sold on NFT platform Gondi, settling an existing 2.8 million USDC loan while market observers report varying sale figures.
CryptoPunk #8348, the only seven-trait avatar in the 10,000-piece NFT collection, has sold on NFT platform Gondi, concluding years of ownership by DJ and collector Seedphrase. According to Now Media citing Gondi, the transaction involved 3 million USDC alongside an undisclosed additional sum, and resolved an outstanding 2.8 million USDC loan that the Punk had backed.[1][2][5]
The transaction sparked differing accounts regarding the exact financial total. Early posts from observer Xeer and Gondi cited a baseline $3 million sale, while Farokh reported that the token sold for over $5 million USD. Seedphrase countered reports naming a $3 million valuation, stating that the sale price was an undisclosed amount, according to NFT analyst Stats.[3][4][5]
Seedphrase originally acquired #8348 in May 2020 for 85 ETH, valued at roughly $18,000 at the time. The avatar's top hat, shades, and beard became central to his public persona and inspired a custom helmet he wore during DJ sets. He had previously withdrawn a listing for the Punk, telling Now Media in a past interview that the move had felt like selling his identity.[2][4]
Key facts
- CryptoPunk #8348 is the only seven-trait NFT in the 10,000-piece collection.
- According to Gondi, CryptoPunk #8348 sold for 3 million USDC plus an undisclosed additional amount.
- The transaction settled a 2.8 million USDC loan that CryptoPunk #8348 had previously backed.
- Farokh reported the sale exceeded $5 million USD, while Seedphrase maintained the transaction was for an undisclosed amount.
- Seedphrase purchased the Punk in May 2020 for 85 ETH, or roughly $18,000 at the time.
- The visual traits of CryptoPunk #8348 formed the basis of Seedphrase's public brand and custom DJ helmet.
Sources · 4 sources
- NM
Now Media@nowmediaPost on X ·
The only 7-trait CryptoPunk, famously owned by @seedphrase, appears to have sold for $3 million 👀 https://t.co/iZFEr77WwT
Open source - NM
Now Media@nowmediaPost on X ·
.@seedphrase’s CryptoPunk #8348 has sold for 3 million USDC plus an undisclosed additional amount, according to @gondixyz It is the only seven-trait Punk in the 10,000-piece collection The Punk had backed a 2.8 million USDC loan, which was settled as part of the transaction Seedphrase purchased #8348 for 85 ETH, roughly $18,000 at the time, in May 2020 Its top hat, shades and beard became central to his public identity, including the custom helmet he wore during DJ performances In our “Punks As Told By CryptoPunks” interview, he recalled withdrawing an earlier listing because it felt like “selling my identity” The sale marks the end of an era for the Punk he built his brand around
Open source - ST
Stats@punk9059Post on X ·
I know I’m not NFT Stats anymore and I changed my PFP BUT Gotta come post about the only 7T punk in existence selling for what Gondi says is $3mn @seedphrase — the seller — says that the price was an undisclosed amount, in response to others saying it’s $3mn Perhaps more juice in the squeeze
Open source - FA
Farokh@farokhPost on X ·
Craziest thing about @Seedphrase’s 7 trait CryptoPunk sale is that he paid $18,143 for it in 2020. Today, the same NFT sold for over $5M USD. Incredible foresight and HODL. https://t.co/wiGiOFgqGg
Open source - XE
Xeer@XeerPost on X ·
wait a sec… are my eyes playing tricks on me or did the @seedphrase 7-atty punk just get sold for $3,000,000 USD on @gondixyz? https://t.co/fYVehS1Uen
Open source