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Justin Bieber's Bored Ape NFT's value plunges from $1.3M to just $70K after FTX crash
Justin Bieber got some disappointing financial news in recent days, as a Bored Ape NFT that he spent over a million dollars on is now worth just pennies on the dollar.According to Insider, the nondescript non-fungible token is worth just $70,000 following the crash and Chapter 11 bankruptcy filing of the cryptocurrency exchange FTX.But Bieber, 28, but the ape back in January for a stunning $1.3 million, meaning it has plunged in value by 95 percent. Plummeting value: Justin Bieber's nondescript Bored Ape NFT, which he paid $1.3 million for in January, is now worth only about $70K, according to Insider; seen November 6At the time, he paid 500 ethereum, which was worth more than a million dollars. As of Thursday, the price of one ethereum is only a little above $1,200.According to the NFT Price Floor, the market value — referred to ask the 'price floor' — is only a little under 58 ethereum.
