NFT News: Don’t Panic by XCOPY sells for 500 ETH

This article originally appeared on Lucky Trader: Don’t panic by XCOPY sells for 500 ETH

Don’t Panic, an NFT artwork created by famous artist XCOPY in February 2019, recently sold for 500 ETH, or $805,895.

The artist has not yet confirmed the sale.

The artwork was originally sold at vk_crypto on SuperRare for 1 ETH on March 6, 2019. In September 2020, it was purchased by moderatsart for 12 ETH, or $4,021. This buyer held the NFT so far and profited over $800,000 on the sale, based on SuperRare’s transaction history.

XCOPY has a history of high priced sales. His work Decay sold for 345.69 ETH, or $1.45 million at the time of purchase, and another of his works, Some Other As*hole, sold for 550 ETH, or $2.28 million dollars at the time of purchase.

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In March 2022, XCOPY released Max Pain, an open NFT edition available through Nifty Gateway, and sold over $22 million in just 10 minutes. The collection currently has a floor price of 0.62 ETH on OpenSea.

This new sale follows two other notable sales in the NFT space – a rare and left Pudgy penguin recently sold for 400 ETH and a Snowfro Chromie Squiggle with a rare “HyperRainbow” trait sold for 150 ETH.

Disclaimer: The author or Lucky Trader team members may own the NFTs discussed in this article. Further, the information contained on this website or the Lucky Trader mobile application is not intended to be and should not be understood or construed as financial advice.

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