From Fine Art To Bored Apes As Well As Punks: Blue Chip NFTs Owned By Celebs Lose Significant Value-- Bitcoin News - Bitcoin News

From Fine Art To Bored Apes As Well As Punks: Blue Chip NFTs Owned By Celebs Lose Significant Value– Bitcoin News – Bitcoin News

From Fine Art to Bored Apes and Punks: Blue Chip NFTs Owned by Celebs Lose Significant Value

During the week of Jan. 30 to Feb. 5, 2022, the search term “NFT” had a Google Trends (GT) rating of 90 and also today the GT rating has actually gone down a lot to a rating of12 Not just has passion decreased, yet blue chip non-fungible symbols (NFTs) do not hold the worth they as soon as did at the start of2022 Data reveal the Bored Ape Yacht Club (BAYC) collection’s market assessment based on flooring worths was worth $2.33 billion on Feb. 3, 2022– 291 days later on and also the collection’s market cap is currently worth $615 million. Stars holding blue chip NFTs like BAYCs and also Cryptopunks have actually seen their NFTs shed a lot of worth over the last 9 months.

Blue Chip NFT Market Caps Slide Significantly Lower Since the Start of the Year

Popular non-fungible symbols (NFTs) originating from details collections like BAYC, Cryptopunks, Clonex, Mutant Ape Yacht Club (MAYC), Azuki, as well as Moonbirds are still expensive electronic antiques. The least expensive valued Moonbird NFT is around 7 ether or $7,906, while a BAYC NFT will certainly set you back 57.50 ether or $63 K.

From Fine Art to Bored Apes and Punks: Blue Chip NFTs Owned by Celebs Lose Significant Value
Statistics from nftpricefloor.com on Tuesday, Nov. 22, 2022.

Statistics from nftpricefloor.com reveal that on Nov. 22, 2022, the Cryptopunks collection held the biggest market capitalization of around 619,900 ether. That’s very little less than the Cryptopunks flooring capitalization the collection carried Feb. 3, 2022, when it was 650,000 ETH.

However, the cost of ethereum each on Feb. 3 was around 2,667 small U.S. bucks per ether. That suggests while the flooring capitalization deserved $1.73 billion 9 months back, today the marketplace cap is to $68516 million.

This implies the Cryptopunks NFT collection stopped by 60.47% throughout the last 9 months. The exact same can be stated regarding BAYC’s NFTs as the marketplace cap has actually gone down from 875,000 ether worth $2.33 billion on Feb. 3, to today’s 556,900 ETH worth $61553 million.

NFTs Owned by the Rich and also Famous Lost Massive Amounts of Value in 9 Months

The information programs throughout the last 9 months, BAYC’s collection stopped by 73.62% versus the U.S. buck. On Jan. 2, 2022, the rap celebrity Eminem acquired BAYC #9055 for 123.45 ether and also at the time, it deserved about $452 K.

Eminem relocated his BAYC from the “Shady_Holdings” account he utilizes on Opensea to the address “0x79 f.” Dappradar.com quotes reveal Eminem’s BAYC is just worth 57.96 ETH today or $63,934

From Fine Art to Bored Apes and Punks: Blue Chip NFTs Owned by Celebs Lose Significant Value

Eminem’s NFT at that approximated worth implies BAYC #9055 shed 85.85% in worth considering that he initially acquired the NFT. Pop celebrity Justin Bieber obtained Bored Ape #3001 for 500 ETH which deserved $1.3 million at the time. Today, Bieber’s BAYC NFT deserves much less than 60 ETH or approximately $69 K.

From Fine Art to Bored Apes and Punks: Blue Chip NFTs Owned by Celebs Lose Significant Value

Socialite Paris Hilton leveraged the firm Moonpay to get Bored Ape #1294 for 119 ether or $317 K. At the end of November 2022, Hilton’s BAYC #1294 is just worth $63,783 according to present quotes.

The exact same can b