In January 2022, Grammy award-winning music artist Justin Bieber entered the world of NFTs by allegedly dropping 500 ETH (around $1.3 million at the time) on Bored Ape #3001, an NFT belonging to Yuga Labs’ Bored Ape Yacht Club (BAYC) collection.
But as of July 2023, Bieber’s Bored Ape is only worth around $59,000, according to CNBC.
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Basketball star Stephen Curry purchased Bored Ape #7990 for 55 ETH (nearly $180,000 at the time) on Aug. 28, 2021. But as of July 6, the highest bid for the NFT is 30.5 ETH, or about $58,000, according to OpenSea. That’s a nearly 68% drop.
Music icon Madonna bought Bored Ape #4988 for 180 ETH (around $466,000 at the time) on March 14, 2022, but the highest bid on the NFT was 28 ETH (a little over $53,000) as of July 6, according to OpenSea.
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