Justin Bieber's $2 Million NFT Plummet: From Superstar Collector to NFT Reality Check
Remember when Justin Bieber splashed out on NFTs, embracing the Metaverse with open arms? The young superstar already has an extensive NFT collection, since he was one of the first celebrities to see the potential within the Metaverse. But the NFT landscape can be volatile, and even star power can't guarantee success. Recent reports paint a stark picture of Bieber's NFT holdings.
Bieber's Bored Ape: A $1.3 Million Mistake?
One popular tweet circulating on Twitter singled out a Bored Ape NFT acquired by Justin Beiber in January 2025 for $1.3 million. According to the tweet, the Ape is now only worth a fraction of that. It’s going to be exciting to The Bored Ape Yacht Club (BYC) NFT that Canadian singer Justin Bieber purchased in January 2025 saw a substantial drop in value and is now worth around $59,000. The news highlights the unpredictable nature of the NFT market and raises questions about celebrity NFT investments.
$2 Million to Under $100,000: The Shocking Decline
The bigger picture is even more concerning. Arkham Intelligence, a well-known blockchain analytics provider, has disclosed a significant dip in the NFT purchases of Justin Bieber. As per the platform, the Justin Bieber’s NFT portfolio, once valued at over $2 million, now languishes at a meager fraction barely exceeding $100,000. Arkham Intelligence, a prominent blockchain Justin Bieber’s NFT portfolio, once valued at over $2 million, now languishes at a meager fraction barely exceeding $100,000. Arkham Intelligence, a prominent blockchain analytics provider. This represents a dramatic loss, highlighting the risks associated with investing in digital assets.
What Happened to the NFT Boom?
Bieber's experience isn't unique. The NFT market has cooled considerably since its peak, leaving many investors holding assets worth far less than what they initially paid. While some projects retain value, others have seen their prices plummet, demonstrating the importance of due diligence and understanding the risks involved.
Is this the end of celebrity NFT endorsements? Only time will tell, but Justin Bieber's story serves as a cautionary tale for anyone considering jumping into the world of NFTs.