Goodbye Mr. Punk
I hate to see you go, but I love to watch you leave
I sold my first punk.
This was a full cycle for me regarding the CryptoPunk journey. My intention from now on is to have Punk exposure through NFTX’s $PUNK D2 fund — and through Punk D1 funds if when they have enough liquidity.
I may buy again opportunistically, but the market for punks was starting to feel a bit overpriced relative to the other NFTs I’ve been looking at.
At the moment, my first punk is up for sale for less than I sold it — so it looks like a local top.
There are 3 NFT projects with sufficiently good R/R and downside protection due to - originality - historical importance - aesthetics - CryptoPunks - AutoGlyphs - Ringers In relative value, punks may be a bit over, ringers look ok, glyphs under