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Details: ht
Justin Bieber's Wild $1.25 Million NFT Crash 🔥
NFTs were on fire in 2022. Like, literally everywhere. The digital art scene exploded with BAYC and CryptoPunks selling for mind-boggling amounts. Everyone wanted in.
Justin Bieber didn't create his own collection. Nope. He jumped in as a buyer. Dropped a casual $1.31 million on a single Bored Ape in January 2022. One NFT. The original minting price? Just $200. Kind of insane when you think about it. 🤯
Fast forward to now. 2025 looks different. Really different. Something like 96% of NFT projects seem completely dead. Bieber's fancy ape? Worth about $59,000 these days. That's a $1.25 million loss. Ouch. 📉
The crash isn't just a Bieber thing. The whole market tanked. Sales volumes down 90%. The bubble popped.
Legal troubles too. Bieber's named in a lawsuit against the Bored Ape creators. Madonna and The Weeknd are in it too. Not great.
Should he sell? Hold? It's not entirely clear what the best move is now. The glory days of 2022 might never return. His million-dollar question is now a $59,000 one. 💎🙌
What would you tell him to do? Keep the ape or dump it? 🌕