Justin Bieber NFTs have dropped by 95% in 2 years

Researchers from Arkham Intelligence have published data on NFT holdings of famous artist Justin Bieber. They noted that the non-fungible tokens purchased by the star have fallen in price by 94.7% since the purchase. Experts recalled that the Canadian executive made investments back in 2022, at the peak of the popularity of this sector.

Analysts emphasized: Justin Bieber acquired NFTs worth more than $2 million. However, at the moment they are valued at no more than $100 thousand. In addition, the star’s cryptocurrency wallet contains other virtual assets. The expert said that the singer keeps just under $500 thousand. in Ethereum (ETH) and Apecoin (APE).

Arkham recalled that Justin Bieber's wallet initially received $2.34 million in ETH from inBetweenersNFT. The international pop star purchased 2 items from the legendary Bored Ape Yacht Club (BAYC) and 2 Mutant Ape Yacht Club (MAYC) collections for a total of $1.86 million. In addition, Bieber bought 1 World of Women token (-97.3%), 2 Doodles (-89.7%), 1 Otherdeed (-97.4%) and 1 Metacard (-96.9%). Some of the assets were sold off, but the singer still owns 1 BAYC and 1 MAYC.

Justin Bieber — Canadian singer and songwriter. He started his career thanks to his mother, who posted videos of him performing on YouTube. At some point, manager Scooter Braun accidentally stumbled upon them and was looking at the teenager’s talent.

In 2009, Bieber released his debut single One Time, which became a hit and attracted many fans. Since then, Justin has become one of the most successful and recognizable pop artists, releasing several successful albums. He became the author of the international hits Baby, Sorry and Love Yourself.

Bieber is actively involved in charity work and supports various social and environmental initiatives. According to the singer, he became interested in cryptocurrencies during the bull market in 2017 and made his first investments several years later.