Crypto Scandals & History on Nostr: Justin Bieber purchased a Bored Ape NFT for 500 ETH, equivalent to $1.3 million, in ...
Justin Bieber purchased a Bored Ape NFT for 500 ETH, equivalent to $1.3 million, in January 2022. By 2023, the NFT was worth only $70,000. Madonna purchased a Bored Ape NFT for 180 ETH, equivalent to $560,000. Eminem and Snoop Dogg also invested millions in Bored Apes. The Tonight Show with Jimmy Fallon featured a segment on NFTs, showcasing several high-value NFTs, but the floor prices of these NFTs dropped by over 90% after the show. The collective losses of celebrities in the NFT market are estimated to be in the hundreds of millions. The use of celebrity endorsements to manipulate the NFT market raises questions about the role of influencers in the market. The lack of due diligence and research by celebrities has led to significant financial losses. The question remains, what does this say about the power of celebrity influence in the NFT market, and can we trust their endorsements?
Published at
2026-03-22 01:00:03 UTCEvent JSON
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"tags": [
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"content": "Justin Bieber purchased a Bored Ape NFT for 500 ETH, equivalent to $1.3 million, in January 2022. By 2023, the NFT was worth only $70,000. Madonna purchased a Bored Ape NFT for 180 ETH, equivalent to $560,000. Eminem and Snoop Dogg also invested millions in Bored Apes. The Tonight Show with Jimmy Fallon featured a segment on NFTs, showcasing several high-value NFTs, but the floor prices of these NFTs dropped by over 90% after the show. The collective losses of celebrities in the NFT market are estimated to be in the hundreds of millions. The use of celebrity endorsements to manipulate the NFT market raises questions about the role of influencers in the market. The lack of due diligence and research by celebrities has led to significant financial losses. The question remains, what does this say about the power of celebrity influence in the NFT market, and can we trust their endorsements?",
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}
