Justin Bieber's NFT purchase dropped from $1.3 million to $12,000, with a loss rate of -99%.

This article is machine translated
Show original
According to Decrypt, the BAYC NFT, which pop star Justin Bieber purchased for approximately $1.3 million (500 ETH at the time) in January 2022, has now fallen to around $12,000 (approximately 6 ETH). At the time, Bieber purchased Bored Ape #3001, a common NFT without rarity attributes. The floor price of BAYC peaked at approximately $429,000 in April 2022, but has since fallen significantly due to the NFT market downturn. Based on the current price, if Bieber were to sell the NFT, the loss rate would be approximately 99%. NFT industry insiders also raised the issue at the time, saying, "He purchased an NFT with no rarity at a high price."

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments