🔹 Justin Bieber bought a #BoredApe NFT in Jan 2022 at the NFT craze peak, paying 500 ETH ($1.3M).

🔹 The NFT market declined significantly, and Bieber's #NFT is now worth around $70K, resulting in a loss of over $1.2M.

🔹 Bieber likely intended to profit from the resale, but the demand for Bored Ape NFTs has dwindled.

🔹 Factors contributing to the decline include the overall cryptocurrency market slump and increased regulatory scrutiny.

🔹 Some experts believe #NFTs could be a passing trend.

🔹 The Bored Ape NFT (#3001) is one of 10K unique NFTs created by Yuga Labs, known for randomly generated traits. $APE

🔹 Celebrities like Snoop Dogg and Eminem have also purchased Bored Ape NFTs.

🔹 The floor price for Bored Ape NFTs dropped from around $300K in Jan 2022 to $60K. #JustinBieber

🔹 The future recovery of Bored Ape NFT values remains uncertain.

🔹 Bieber's purchase of the Bored Ape NFT has proven to be a costly mistake.

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