- The NFT craze attracted famous faces as well as regular Joes
- Celebs were paying millions for JPEGs during the hype cycle
- Which ones are regretting their purchases the most?
Back in the days when NFT prices weren’t plummeting through the floor, cash-rich celebs were picking up JPEGs left, right and center. Some got in early while others paid millions, but which famous NFT buyers are likely to be regretting their purchase more? Let’s look at five famous faces who might be wishing they kept their ETH.
Justin Bieber
The Biebster bought Bored Ape Yacht Club (BAYC) #3001 in January 2022 for 500 ETH, worth $1.3 million at the time. Had Bieber kept the ETH it would be worth $969,500.
This rare ape is now attracting offers of just $58,000 (30 ETH), a 95.5% drop that is undoubtedly making the pop star feel a little Unstable.
Logan Paul
YouTuber-turned-WWE-fighter Logan Paul was a fairly early adopted of NFTs, picking up collections at the start of the hype cycle. He currently holds several CryptoPunks, World of Women NFTs, as well as a Bored Ape in two accounts on OpenSea, which are almost back at his purchase price.
Paul also purchased K4M-1 #03 from the 0N1 Force Collection in February 2021 for 188 ETH ($625,000), a piece which is now attracting bids of 1 ETH (the floor price) to 10 ETH ($19,300), representing a pretty hefty drawdown.
Gary Vaynerchuk
Entrepreneur and NFT influencer Vaynerchuck (commonly known as Gary Vee) purchased CryptoPunk #2140 for 1,600 ETH, worth a staggering $3.95 million in July 2021. DappRadar values this punk at just 67.21 ETH ($131,500), meaning that Vee is sitting on a whopping 96.7% loss)
Vee’s ETH would have been worth $3.1 million had he kept it instead of buying his punk, so…yeah. Whoops.
Madonna
Pop legend Madonna bought into the NFT craze in March 2022, appropriately late in the day, picking up Bored Ape #4988 for 180 ETH ($466,500). The worried-looking marsupial is now attracting bids of just 30 ETH ($58,200), so it looks like Madge might have to take a hit on this one.
Unlike her weird ‘Mother of Creation’ NFT collection, which certainly wasn’t a hit.
Snoop Dogg
The NFT superstar collector picked up the famous Right Click and Save As Guy NFT in December 2021 for a handsome 1,600 ETH ($7 million). Given that this piece is a one-off it’s hard to know what it would fetch on the open market today, and we can’t take most of the bids that have come in since the purchase seriously given that they are for under one dollar.
There is however a bid in for Right Click and Save As Guy for 3 ETH ($5,800) which may or may not be serious. However, it hints that however much the NFT might fetch in a proper market, it would be a damn sight lower than what Snoop paid for it.
