Justin Bieber: USD $1.3 Million Currently, Bored Ape NFT is only worth $69K USD.
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Purchased five times the floor price back in January.
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The excitement among NFTs, particularly the secretive Bored Ape group, has decreased as the cryptocurrency market turns gloomy.
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Global music star Justin Bieber purchased Bored Ape #3001 in January for 500 ETH, equal to $1.3 million USD
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The current floor price for the BAYC NFT is listed at about 52.8 ETH, or roughly $69,800 USD,....
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The crypto market was shaken by the FTX meltdown, which caused the floor price to fall below $60,000 USD before rising marginally to $69,000 USD.
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With a 95% decrease in value from when he first acquired the NFT, Bieber's ape #3001 is now valued at the new floor price of $69,000 USD.
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The month after buying #3001 in January, he spent $444K USD on another BAYC NFT, which is now also worth the floor price.
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NFT experts at the time claimed that Bieber's #3001 was significantly overpriced because it was an NFT without any unique characteristics.
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According to its attributes and characteristics, it is listed as the 9,810th rarest Bored Ape.
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