Talk about a tough loss. In January 2022, at the height of the NFT craze, Justin Bieber spent 500 ETH—about $1.3 million—to join the Bored Ape Yacht Club, snagging Bored Ape #3001 .
Fast forward four years. That same digital collectible is now valued at only around $12,000 . That’s a staggering 99% drop in value.
Even at the time, crypto experts were baffled by the move, since Bieber paid a massive premium for a “floor” Ape without any rare features . The pop star isn’t alone in this brutal “NFT winter,” with other big-name collections like CryptoPunks and Pudgy Penguins also shedding significant value .
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