Logan Paul bought this NFT for $630,000 back in 2021…
Today?
It’s worth around $140
That’s not a dip.
That’s a full extinction event.
The 2021 NFT cycle really convinced people that JPEGs would only go up forever
Now many of those “rare” collections can’t even find buyers at 99% discounts.
Honestly, it’s one of the clearest reminders of what happens when:
• Hype > utility
• Liquidity disappears
• Speculation replaces fundamentals
Some NFTs will survive long term.
But the vast majority were priced purely on momentum and attention — and both vanished fast.
Crypto never fails to humble people eventually