Justin Bieber, one of the world’s most popular pop stars purchased a Bored Ape NFT in January 2022 for $1.3 million, currently, the NFT value in USD has dropped by 94%.
After purchasing the NFT back in January, the pop star posted a picture of it on Instagram, a transaction he was criticized for, according to critics, the amount he paid for the NFT was exorbitant.
The recent drop in the price of the NFT and NFTs in general is attributed to the collapse of the FTX exchange, Apes amongst other NFT projects is the hardest hit in this event.
Another hardest-hit project is blue chip, owned by Yuga labs, this month alone, it has dropped significantly by 23%.
Justin Beiber also owns other Nft tokens from the CLONE X – X TAKASHI MURAKAMI, Mutant Ape Yacht Club, Doodles, World of Women, and LIVES of LALISA collections.
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