😱 Someone Bought This NFT for $550K… Now It’s Worth $321
No, that’s not a typo.
A Bored Ape NFT once sold for $550,000 — now it's trading at around $321. What went wrong?
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🧠 Quick Recap:
Launched by Yuga Labs in 2021
Owned by celebs: Snoop, Eminem, etc.
Promised perks: parties, merch, metaverse hype
Became a flex, not an investment
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📉 Why the Crash?
1. FOMO Mania: Everyone jumped in during the bull run
2. Crypto Winter: NFTs collapsed with the market
3. No Real Utility: The “club” lost its charm
4. JPEG Overload: Too many copycats
5. No Buyers Left: Flippers bailed, hype died
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💡 TL;DR
NFTs were never guaranteed gold.
Without lasting utility, demand, or community — most became digital ghosts.
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> Saved you from a $549,679 mistake? Maybe a small tip’s in order. 😏
#BAYC #NFTs #CryptoLessons #JPEGRegret #BinanceSquare #CardanoDebate