Tron CEO Justin Sun is at it again with some crazy expenses on non-fungible tokens (NFTs).
Today, the CEO of Tron announced that he just spent $10 million on his first CryptoPunk, a pixelated digital avatar that has been attracting the wealthy since the beginning of the year. Justin Sun bought a CryptoPunk named TPUNK 3442.
In addition, this is not the first time the CEO has spent a huge amount to acquire a digital collectible. The first time was on August 22, less than a month ago. On that day, he bought the Ethereum pet rock craze that has mopped the NFT market for around $611K.
Note that these pixelated avatars, known as “CryptoPunks,” were first launched in 2017 by creators Matt Hall and John Watkinson as just an experiment. More so, the figures were originally available for free. But they are now being auctioned off to wealthy people for millions.
Moreover, CryptoPunks are among the most famous NFTs. Besides, these NFTs are a type of computer-generated art stored on the Ethereum blockchain.
But as usual, many people among the crypto Twitter community and the CEO’s project token holders reacted to the news. An account replied that some people are paying crazy money for an avatar while others struggle to survive in this world.
As the comments continued, another account responded, saying, “What in the actual? I can’t even to afford to spend more than $300 a month. Here you are buying a JPeg worth.”
Justin Sun’s CryptoPunk TPUNK 3442 is one of the most expensive CryptoPunk, second to CryptoPunk 7523, which was bought for around 11.8 million.