At the peak of the NFT frenzy in 2021, Logan Paul loss publicly

At the peak of the NFT frenzy in 2021, Logan Paul dropped $635,000 on a single digital avatar while the internet was screaming about digital ownership and overnight millionaires. NFTs were being pitched as the future of flex culture and status, and celebrities were racing to secure rare pieces like they were buying beachfront property in the metaverse.
Now the reality check hits hard. That same NFT is reportedly worth around $155 today, turning one of the most hyped buys of the boom into a viral symbol of the crash. The drop reflects how brutally the NFT market collapsed after 2022 when hype faded and buyers disappeared.
Logan has leaned into the loss publicly, turning it into a cautionary flex about speculative investing. What once looked like a digital trophy is now a reminder that internet trends can move fast, but gravity always moves faster when the hype runs out.