Justin Bieber paid $1.29 million for a Bored Ape Yacht Club (BAYC) NFT, 300 percent higher than its market value.
On Monday, the singer shared a snapshot of the new BAYC #3001, which has a cartoon monkey in a black T-shirt with tears in its eyes.
“What if you had it all but no one to call?” Weirdly, I’ve got everything but no one to listen. “#lonelyboredape,” he said on Instagram.
According to Bitcoin.com, Bieber paid $1.29 million for the NFT.
On January 29, 2022, the NFT was valued at $208,237, implying the star paid over 3000% more than its worth.
Naturally, some on Twitter mocked Bieber for paying so much for the artwork.
He paid 5x the Bored Ape floor price for an ape without unique features. “He got fined,” one individual wrote.
“Remember that next time you feel low.
“@justinbieber just bought a floor ape for 500 ETH.”
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