Justin Bieber’s BAYC Investment Turns Sour as Paper Losses Mount to $1.24 Million in 18 Months
Bored Ape Yacht Club NFTs have tanked significantly in value this month.
Bored Ape Yacht Club NFTs have tanked significantly in value this month.
Crypto markets may have renewed momentum but the same has not happened on the NFT scene as leading collections remain
Traders used the funds from the sales (nearly $1.3 million worth of ETH) to purchase PEPE.
Blue-chip NFTs remained unaffected for the most part.
The renowned singer Justin Bieber sits on an unrealized loss of more than $1.2 million due to his investment in
Neymar sits on over $700,000 unrealized losses due to the price crash of his Bored Apes, while Eminem is down
The commission is interested in whether some of Yuga’s NFTs behave like securities.
Several NFTs including BAYC, MAYC at risk of liquidation.Â
NFTs from the Bored Ape Yacht Collections have their floor prices reduced to levels not seen since the early days
The Bored Ape Yacht Club collection saw an increased number of both sales and traders over the past 24 hours.