The NFT token, bought by Justin Bieber from the BAYC collection, has decreased in price by 95%. Initially, the singer purchased Bored Ape #3001 for 500 ETH ($1.31 million). This "monkey" does not differ in any unique features and accessories. It was at 9810th place in terms of rarity. Many collectors were surprised by the fact that Bieber spent a significant amount to acquire this particular token.
It is possible that Justin Bieber did not acquire this digital token for profit, but simply for himself.
At the moment, the price of Bored Ape #3001 has decreased to $74,382, and the token can be bought on OpenSea for $66,781.
The sharp drop in the price of NFTs is associated with the bankruptcy of the FTX exchange, which led to the fall of the entire market. Many holders of unique tokens began to urgently sell their assets in the hope of returning the invested funds.
