A wallet attached to a suspended Twitter account has been inactive since it minted 141 Crypto Punks in 2017, and the current value of the NFT artworks within it, is worth over 11k ETH, setting it among the top 10 HODLer in terms of Crypto Punk volume.
1/ This wallet minted 141 Punks for 0.0207 ETH, estimated to now have a value of over 11 thousand ETH 💀
However, the wallet has had no activity since, for both NFTs and crypto (other than receiving fake tokens)
Lost their seed phrase? pic.twitter.com/Piqe6Epl1W
— Nansen Intern 🧭 (@nansen_intern) October 17, 2022
The Crypto Punk NFTs were minted at 0.02 ETH in 2017, and the value has drastically increased. Even though there has been no activity, the wallet is still gaining a lot of attention, especially with the skyrocketing value of the NFT marketplace.
According to statistics, 47 individuals are now monitoring the wallet, hoping that the owner will give in and sell some of the Punk items soon. Meanwhile, some bidders have chosen the proactive approach, making a considerable attempt to persuade the wallet’s owner to sell some of the Crypto Punks.
This situation is significant because of the nature and value of the NFTs. Among NFT projects, the Crypto Punk project has made a name for itself among the top 20 NFT projects globally. The Larva labs studios launched it in 2017, which consisted of two people, John Watkinson and Matt hall.
Crypto Punks is one of the first projects to launch on the Ethereum blockchain. The collection consists of 10,000 unique depictions, each having a number of traits that affects their prices. Since its launch, it has appeared in places like Bloomberg and the new york times.
The Twitter community has had a field day speculating the factors behind the current development, ranging from the owner being a diamond hand user to the user has lost access to his assets or the user might be deceased, and his family doesn’t have access to his assets, rendering them worthless.
To date, the wallet’s owner has received around ten offers valued at about $8,667 from investors to persuade him to part with some of the digital paintings.
In a bid to quote a Twitter user… “the best way to have diamond hands is to forget you have hands.”
