$BTC
$550,000 NFT turned into two bags of chips?!
🍌 BAYC Current Situation
Three years ago: exchanged for a house 💰
Three years later: exchanged for a bag of snacks 😭
Current floor price: ≈0.5ETH ($321)
📉 Five Sins of the Crash
1️⃣ Bubble Frenzy (2021)
- Bitcoin soared to $69,000 🔥
- Celebrities followed the trend showing off monkeys (Mr. M, Mr. Dog, etc.)
- Twitter profile picture = status symbol
2️⃣ Bear Market Slaughter (2022)
- Bitcoin plummeted 75% ❄️
- NFT trading volume cut down
3️⃣ Promises of Bankruptcy
Promised yacht party → only a Discord chat group left
Metaverse land → 404 wasteland
4️⃣ Monkey Overload
- 10,000 genuine apes
- 100,000+ knockoff monkeys
"Monkeys everywhere, better to raise a dog" 🐶
5️⃣ Running Feast
Early players cashing out
Buyers lining up on the rooftop
💥 Blood and Tears Lessons
> Spent $550,000 on a JPG?
> Better stock up on chips —
> At least you can eat them,
> No need to engrave them on a blockchain tombstone!
