NFT, bought by Justin Bieber, fell in price by 95%

In January, Canadian singer Justin Bieber purchased one NFT from the Bored Ape Yacht Club (BAYC) collection for $1.31 million. The floor price of the same NFT stands at merely $71,500!

Bieber purchased Bored Ape #3001 token for 500 ETH. Now its price is only 59.16 ETH. In addition, the minimum allowed sale price of the token has now dropped to 58.2 ETH, according to the NFT Price Floor.

Crypto winter does not spare any segments of the digital asset market. It also hit the NFT industry. The once-popular collections of digital tokens are collapsing catastrophically in price.