š¹ Justin Bieber bought a #BoredApe NFT in Jan 2022 at the NFT craze peak, paying 500 ETH ($1.3M).
š¹ The NFT market declined significantly, and Bieber's #NFT is now worth around $70K, resulting in a loss of over $1.2M.
š¹ Bieber likely intended to profit from the resale, but the demand for Bored Ape NFTs has dwindled.
š¹ Factors contributing to the decline include the overall cryptocurrency market slump and increased regulatory scrutiny.
š¹ Some experts believe #NFTs could be a passing trend.
š¹ The Bored Ape NFT (#3001) is one of 10K unique NFTs created by Yuga Labs, known for randomly generated traits. $APE
š¹ Celebrities like Snoop Dogg and Eminem have also purchased Bored Ape NFTs.
š¹ The floor price for Bored Ape NFTs dropped from around $300K in Jan 2022 to $60K. #JustinBieber
š¹ The future recovery of Bored Ape NFT values remains uncertain.
š¹ Bieber's purchase of the Bored Ape NFT has proven to be a costly mistake.
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