American pop star Justin Bieber acquired Bored Ape last January for approximately $1.31 million. A substantial investment, which has made this collection of NFTs the major crypto attraction of celebrities, influencers and art lovers.
Justin Bieber’s Bored Ape Collapsed 94%!
Bored Ape, the NFT collection acquired a few months ago by Justin Bieber, is no longer worth much. According to the latest news, this collection of non-fungible digital assets has lost most of its value.
In January, when the pop star acquired this portfolio of digital assets, it was worth some $1.31 million. Today, it is only worth $58,900. This is a loss of more than 94% of the value of Justin Bieber’s initial investment.
For the moment, the reasons for this fall are not disclosed. But, we imagine that the consequences of this shipwreck can be significant for the stakeholders. These include mainly luminaries, but also influencers and other art lovers.
And, the interest shown by the latter for Bored Ape is not insignificant. Indeed, it is, in large part, linked to the success he met after his takeover by the pop star. A situation that has made this collection of NFTs one of the most popular on the NFT market.
Note that the potential impacts of the collapse of Bored Ape on all of the American star’s NFT assets raise questions. For the time being, there is no element to assess them.
However, it is known that the NFT assets held by Justin Bieber go beyond Bored Ape. They include NFTs like Mutant Ape Yacht Club, Doodles, World of Women, and LIVES of LALISA, among others. A diversification that could perhaps limit the losses caused to the American musical star.
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