Justin Bieber's Bored Ape Yacht Club NFT, purchased in 2022, is currently showing a paper loss of nearly 99%.

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Pop singer Justin Bieber purchased the Bored Ape Yacht Club NFT (Bored Ape #3001) for 500 ETH (approximately $1.3 million) in January 2022. Currently, the NFT's valuation has plummeted to less than 6 ETH, worth about $12,000, representing a loss of nearly 99%. Data shows that the BAYC floor price once rose to $429,000 in April 2022, before entering a prolonged NFT bear market, with top series such as CryptoPunks and Pudgy Penguins also experiencing significant declines. (Decrypt)

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