Starry Night Capital making big moves on the NFT market once again
An NFT memorizing the comic book debut of internet meme character Pepe the Frog switched owners for 1000 ETH, or $3.53 million. Pepe the Frog NFT Genesis scored the top sale in DappRadar rankings for the past 24 hours.
Pepe the Frog NFT Genesis previous owner bought it for 420 ETH, or $1 million at the time of the purchase back in April. This means that the seller bagged 580 ETH in profit. This represents close to $2 million in earnings from a single NFT. This is only the second sale for the Pepe the Frog Genesis NFT, yet it’s already generated millions worth of transactions.
Interestingly, four of the five top sales for the past 24 hours have a price tag of over $1 million. These include a CrypToadz NFT, and an art piece by XCOPY titled Bad Flavour.
Pepe the Frog’s new owner
While the sale of the genesis Pepe NFT is impressive, it gets even more interesting when we take a closer look at the new owner. A quick check with the DappRadar Portfolio Tracker reveals that Pepe The Frog NFT Genesis is now part of the Starry Night Capital collection.
Starry Night Capital is steadily becoming a top buyer in the NFT space, with recent purchases like two Dmitri Cherniak generative artworks worth 1300 ETH. By the looks of it, the fund is not afraid of expensive purchases. According to their official Twitter account, the sole mission behind the creation of Starry Night Capital is to create the world’s finest collection of NFTs. For the moment, it seems that the fund is on the right track, however, assembling this type of collection requires a lot of capital.
Currently, Starry Night’s portfolio consists of 61 NFTs, with numerous generative art pieces, as well as important NFTs for the space like Pepe The Frog NFT Genesis. This is an impressive boost since last week when the portfolio only held about 10 NFTs.
Interestingly, Starry Night also purchased Flood and AI Generated Nude Portrait #7 Frame #184, which are two of the other top sales recorded in the past 24 hours. This further proves that Starry Night Capital is steadily adhering to its mission, regardless of the price needed to acquire signature NFTs.
DappRadar will continue monitoring Starry Night Capital, as they develop their collection further. To learn more about the fund, check out the links below, and follow us on Discord and Twitter for the latest updates.