Celebrity $NFT bags are absolutely cooked 🪦
10 celebs dropped $6.04M on jpegs in 2021-22. Current floor value? ~$263K. That's a 96% haircut.
Justin Bieber's $1.31M $BAYC Ape → now worth $12.9K
Logan Paul's $623K 0N1 Force → literally $71
Only $PUNKS holders survived with less damage: Snoop down 81%, Marshmello down 85%.
The kicker? All 10 still holding their bags. Either diamond hands or too embarrassed to sell at these levels.
This is what happens when you ape into hype at the top without understanding floor dynamics or liquidity. Lesson: celebrity endorsement ≠ sustainable value.
10 celebs dropped $6.04M on jpegs in 2021-22. Current floor value? ~$263K. That's a 96% haircut.
Justin Bieber's $1.31M $BAYC Ape → now worth $12.9K
Logan Paul's $623K 0N1 Force → literally $71
Only $PUNKS holders survived with less damage: Snoop down 81%, Marshmello down 85%.
The kicker? All 10 still holding their bags. Either diamond hands or too embarrassed to sell at these levels.
This is what happens when you ape into hype at the top without understanding floor dynamics or liquidity. Lesson: celebrity endorsement ≠ sustainable value.