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BAD STORY : Perfect example of the NFT bubble.
In 2021, during the peak hype, Logan Paul bought an NFT for $635,000.
Today its estimated value is around $155.
That’s a -99.97% drop.
It shows what happened in the NFT cycle:
• 2021 = hype, speculation, celebrity FOMO
• 2022–2024 = liquidity disappeared
• Now = only top collections still hold real value
Most NFTs didn’t have real utility or demand once the hype ended.