NFT collector spent millions for a complete Squiggle series
NFT collector Punk6529 has purchased a $1.67 million Chromie Squiggle, adding it to their $20 million NFT collection featuring CryptoPunks, Art Blocks, and various avatars. This purchase was the second biggest NFT acquisition in the past week, behind a $1.9 million Bored Ape.
According to data from DappRadar the top 10 NFT sales are dominated by Fidenza’s and CryptoPunks. We’ve seen this happen all the time over the past few months, and sometimes a Bored Ape NFT also joins the list. However, Chromie Squiggles – even though praised for their pioneering position in the generative art ecosystem – hardly make it into the top 10. That’s why the purchase from Punk 6529 stands out the most.
The anonymous NFT collector spent 485 ETH to acquire the Chromie Squiggle. They took to Twitter to reveal the thoughts behind their purchase. Because 6529 owns a wide variety of Squiggles. There are 9 types of Squiggles, ranging from Fuzzy to Slinky and from HyperRainbow to Full Spectrum. There are only 20 vertical collections possible, because there are only 20 Perfect Spectrums. According to the NFT collector, this makes a complete collection very valuable, hence the purchase.
Top 10 NFT sales – September 13-19, 2021
- Bored Ape #8135 – $1.9 million / 4550 WETH – Buyer’s wallet
- Chromie Squiggle #6339 – $1.67 million / 485 ETH – Buyer’s wallet
- Autoglyphs #336 – $1.34 million / 384.37 ETH – Buyer’s wallet
- CryptoPunk #5827 – $1.22 million / 360 ETH – Buyer’s wallet
- Autoglyph #378 – $1.18 million / 360 WETH – Buyer’s wallet
- Fidenza #647 – $1.03 million / 291 ETH – Buyer’s wallet
- CryptoPunk #9844 – $973.720 / 269 ETH – Buyer’s wallet
- Fidenza #859 – $810.580 / 230 ETH – Buyer’s wallet
- Fidenza #75 – $806.660 / 235 ETH – Buyer’s wallet
- Fidenza #351 – $754.710 / 210 WETH – Buyer’s wallet
Where will Punk6529 go next?
Even though Punk 6529 might put in the effort to get more Chromie Squiggles, and perhaps add some even more rare ones to their collection, they completed the vertical series. They now own one of each of the Chromie Squiggles, with a conservative estimated value close to $3 million.
Punk 6529 already posted on Twitter that he will keep buying Art Blocks Curated NFT series. Therefore we can definitely expect more top purchases from their side in the months to come. They also acquired two Gen.Art membership NFTs for a total of $67,000, giving them buying rights on the platform. It’s safe to conclude that generative art will be a focus for Punk 6529.
The rest of the NFT collector’s portfolio contains 5 CryptoPunks, 15 Meebits, and a whole lot of NFT avatar projects. Punk6529 clearly wants to dip their toes into as many projects as possible, in case one really takes off. Judging by their holdings, they put some faith in MetaHero Universe. However, among the purchases that caught our eyes are RarePepe NFTs from Emblem Finance, a total of 8 MoonCats, and 5 Curio Cards. This shows that Punk6529 clearly puts some faith in the future valuation of historic NFT collections.