Today? Itโs worth just 761 ๐ข๐
๐ What happened?
1. NFT hype cycle peaked in 2021 โ fueled by celebrity endorsements, media buzz, and FOMO ๐ฏ
2. Speculation > utility โ many buyers saw them as status symbols, not long-term digital assets
3. Market shifted โ less interest in JPEG flex, more focus now on utility-driven NFTs (gaming, DeFi, tokenization)
4. Liquidity vanished โ low demand, high supply = price collapse ๐
5. Macro pressures โ interest rates, regulations, and crypto winter didnโt help ๐ฅถ
๐ Whatโs the takeaway?
NFTs arenโt dead โ but blind hype chasing isnโt sustainable. The future is in real-world use cases, not overpriced profile pics.
๐กLesson: Always ask "What value does this bring beyond speculation?"
RIP $1.7M ๐ชฆ๐ง ๐ธ
#MarketPullback #SwingTradingStrategy
