Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Justin Bieber's Bored Ape NFT: From Million to Total Dispossession
In early 2022, Justin Bieber purchased a Bored Ape Yacht Club token for the astronomical sum of $1.3 million. This acquisition made headlines, symbolizing celebrities’ enthusiasm for digital assets at that time. According to information shared by Crypto Rover on the X platform, this same NFT is now experiencing a dizzying decline.
The purchase that embodied the NFT frenzy of 2022
At the time, this type of investment seemed to represent the future. Justin Bieber, like many other celebrities, saw these non-fungible tokens as an opportunity to accumulate exceptional assets. The NFT market was in its euphoric phase, with prices reaching unprecedented heights. The Bored Ape Yacht Club was among the most sought-after projects in the sector.
The value collapse: over 99% loss
Today, the situation has drastically reversed. The NFT bought for $1.3 million is now worth only about $12,000. This is not just a decline: it’s an almost complete collapse of market value. This sharp drop highlights the extreme volatility of crypto assets and the speculative nature of the NFT market during the 2022 bull run.
Lesson on the volatility of digital assets
Justin Bieber’s case and his Bored Ape perfectly illustrate the inherent risks of investing in NFTs. This trajectory from $1.3 million to $12,000 serves as a stark reminder of the volatility in the digital asset market. For investors, it raises essential questions about the sustainability of NFT projects and the true utility of these assets beyond speculation.