According to the NFTGo service, one of the most sought-after NFTs#8585from The Bored Ape Yacht Club (BAYC) collection was sold for 153 #ETH (about $255,000), when in the fall of 2022 the previous owner of this NFT bought it for 777 ETH ($1.02 million). Thus, the ex-owner of the token lost just over $760,000, since the price of the asset dropped by 80% over the year.
Trader Lost More Than $760,000 Investing in NFTs
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