The post Justin Bieber Purchased a Bored Ape NFT for $1.3 Million; Here is How Much It Is Worth Today appeared on BitcoinEthereumNews.com.

From Digital Gold to Digital Dust In early 2022, the world of Non-Fungible Tokens (NFTs) was at its absolute zenith. Celebrities were flocking to the space, led by pop icon Justin Bieber, who made headlines by purchasing a Bored Ape Yacht Club (BAYC) NFT for a staggering sum. At the time, it was seen as a bold entry into the future of digital art and web3. Fast forward to April 2026, and the landscape has shifted dramatically. The speculative bubble that once valued “cartoon apes” at millions of dollars has largely evaporated, leaving high-profile investors like Bieber with massive “paper” losses. The $1.3 Million Entry: Bored Ape #3001 In January 2022, Justin Bieber acquired Bored Ape #3001 for 500 ETH. At the exchange rates of that time, the transaction was valued at approximately $1.3 million. The purchase was immediately controversial among NFT collectors. Analysts pointed out that Bieber paid nearly five times the “floor price” for an ape that possessed relatively common traits. While $Bitcoin and $Ethereum were experiencing high volatility, the NFT market was still fueled by extreme hype and celebrity endorsements. Why Did He Pay Such a Premium? Aura of Exclusivity: Ownership of a BAYC acted as a digital “black card” for elite social circles. Market Sentiment: In 2022, the belief was that “blue-chip” NFTs would act as a store of value similar to fine art. FOMO: Fear of missing out on the next evolution of social media avatars. The 2026 Reality: A 99% Valuation Wipeout Today, the secondary market for the Bored Ape Yacht Club collection tells a much different story. As of April 2026, the floor price for the collection has retreated to approximately 5.25 ETH to 6 ETH. With the current Ethereum price stabilizing around $2,000, Bieber’s Bored Ape is now valued at roughly $12,000.…

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Filed under: News - @ April 5, 2026 8:30 am