😬 3 years ago, someone dropped *1.7 million* on a *Bored Ape Yacht Club NFT* 🐵💰
Today? It’s worth just *761* 😢📉
🔍 What happened?
1. *NFT hype cycle* peaked in 2021 — fueled by celebrity endorsements, media buzz, and FOMO 🎯
2. *Speculation > utility* — many buyers saw them as status symbols, not long-term digital assets
3. *Market shifted* — less interest in JPEG flex, more focus now on utility-driven NFTs (gaming, DeFi, tokenization)
4. *Liquidity vanished* — low demand, high supply = price collapse 📉
5. *Macro pressures* — interest rates, regulations, and crypto winter didn’t help 🥶
📊 What’s the takeaway?
NFTs aren’t dead — but *blind hype chasing isn’t sustainable*. The future is in *real-world use cases*, not overpriced profile pics.
💡Lesson: Always ask *"What value does this bring beyond speculation?"*
RIP $1.7M 🪦🧠💸