{"id":12970,"date":"2024-04-26T13:26:29","date_gmt":"2024-04-26T10:26:29","guid":{"rendered":"https:\/\/forklog.com\/en\/justin-biebers-nft-investments-plummet-by-95\/"},"modified":"2024-04-26T13:26:29","modified_gmt":"2024-04-26T10:26:29","slug":"justin-biebers-nft-investments-plummet-by-95","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/justin-biebers-nft-investments-plummet-by-95\/","title":{"rendered":"Justin Bieber&#8217;s NFT Investments Plummet by 95%"},"content":{"rendered":"<p>In 2022, pop star Justin Bieber acquired NFTs valued at approximately $2 million, which are now worth just over $100,000. Losses have reached 94.7%, according to Arkham Intelligence.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Justin Bieber NFT Purchases: Down 94.7%<\/p>\n<p>Did you know that Justin Bieber bought more than $2M of NFTs during 2022 \u2014 now worth barely over $100K.<\/p>\n<p>His wallet on Arkham now holds just under $500K in ETH and APE.<\/p>\n<p>Details below: <a href=\"https:\/\/t.co\/U6qH84C3OO\">pic.twitter.com\/U6qH84C3OO<\/a><\/p>\n<p>\u2014 Arkham (@ArkhamIntel) <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1783184053648150632?ref_src=twsrc%5Etfw\">April 24, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Initially, the singer&#8217;s wallet received $2.34 million in Ethereum (ETH). The majority of this sum, $1.86 million, was spent on purchasing two Bored Ape Yacht Club (BAYC) and a pair of Mutant Ape Yacht Club (MAYC).<\/p>\n<p>The portfolio also included tokens from the World of Women, Doodles, Otherdeed, and Metacard collections.<\/p>\n<p>Since then, the assets have depreciated between 89.7% and 97.4%.<\/p>\n<p>The wallet still holds one BAYC and one MAYC, now collectively valued at $47,300.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Justin Bieber\u2019s wallet originally received $2.34M in ETH from <a href=\"https:\/\/twitter.com\/inBetweenersNFT?ref_src=twsrc%5Etfw\">@inBetweenersNFT<\/a>, buying 2 Bored Apes and 2 Mutant Apes for a total of $1.86M \u2014 as well as one World of Women (-97.3%), two Doodles (-89.7%), an Otherdeed (-97.4%) and a Metacard (-96.9%).<\/p>\n<p>He still holds one Bored Ape\u2026 <a href=\"https:\/\/t.co\/Phva4yWzW6\">pic.twitter.com\/Phva4yWzW6<\/a><\/p>\n<p>\u2014 Arkham (@ArkhamIntel) <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1783184056827392305?ref_src=twsrc%5Etfw\">April 24, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Since 2022, NFT trading volumes on Ethereum have significantly declined. At its peak in April, the weekly figure reached $510 million. It now stands at $40-60 million, according to <a href=\"https:\/\/www.theblock.co\/data\/nft-non-fungible-tokens\/art-collectibles\">The Block.<\/a><\/p>\n<p>Minimum prices for token collections have also dropped considerably. For BAYC, it rose to 81.5 ETH in January 2023, but has since fallen to 13.5 ETH.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"234\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Floor-Price-of-Popular-NFTs-Google-Chrome-1024x234.jpg\" alt=\"Floor-Price-of-Popular-NFTs-Google-Chrome\" class=\"wp-image-231523\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Floor-Price-of-Popular-NFTs-Google-Chrome-1024x234.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Floor-Price-of-Popular-NFTs-Google-Chrome-300x68.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/Floor-Price-of-Popular-NFTs-Google-Chrome-768x175.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/Floor-Price-of-Popular-NFTs-Google-Chrome.jpg 1490w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: The Block.<\/figcaption><\/figure>\n<p>For MAYC, the corresponding values are ~18.4 ETH and 2.3 ETH. Meanwhile, Ethereum prices have risen from $2400-2600 to $3150.<\/p>\n<p>Back in March, BAYC #9258, owned by American comedian Kevin Hart since January 2022, was <a href=\"https:\/\/forklog.com\/en\/news\/kevin-harts-bayc-nft-sells-at-a-76-discount\">sold for 13.65 ETH<\/a> \u2014 76% below its purchase price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2022, pop star Justin Bieber acquired NFTs valued at approximately $2 million, which are now worth just over $100,000. Losses have reached 94.7%, according to Arkham Intelligence. Justin Bieber NFT Purchases: Down 94.7% Did you know that Justin Bieber bought more than $2M of NFTs during 2022 \u2014 now worth barely over $100K. His [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1415,52,1213],"class_list":["post-12970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-celebrities","tag-investments","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"150","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=12970"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12970\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/12969"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=12970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=12970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=12970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}