The $635k NFT now worth $155.
By Maxime Laurent · 2026-02-16 09:42
The $635k NFT now worth $155.
A brutal reminder that hype cycles are merciless. Fame doesn’t protect you from bad timing in crypto.
Back in 2021, the NFT mania felt like a Mediterranean summer that would never end. JPEGs were selling for the price of villas, Discords were exploding, and everyone — literally everyone — wanted a piece of “digital ownership.”
One of the loudest moments? Logan Paul buying an NFT for $635,000 at the top of the cycle.
Today, that same token is valued around $155.
That’s not a dip. That’s a 4000x collapse.
And now he reportedly blocks people on X who remind him of it. I get it — nobody enjoys having their worst trade screenshotted forever. But this is crypto. The blockchain never forgets. 😅
Here’s the deeper lesson.
In 2021, NFTs weren’t about utility. They were about narrative velocity. Attention was the asset. Scarcity was emotional, not fundamental. When liquidity dried up and new buyers stopped coming, prices didn’t “correct.” They evaporated.
This is why I always say: in crypto, separate technology from mania.
$BTC survived multiple 80% crashes because it has a clear monetary thesis. $ETH survived because it powers an ecosystem. Most NFTs? They were cultural moments, not economic systems.
It doesn’t mean NFTs are dead forever. It means price without durable demand is just vibes.
We’ve all made painful trades. The difference between amateurs and veterans isn’t avoiding mistakes — it’s surviving them.
Crypto humbles everyone. Even celebrities. Surtout les célébrités. 🔥
#Crypto #NFT #Web3 #Bitcoin #Ethereum #MarketCycles
A brutal reminder that hype cycles are merciless. Fame doesn’t protect you from bad timing in crypto.
Back in 2021, the NFT mania felt like a Mediterranean summer that would never end. JPEGs were selling for the price of villas, Discords were exploding, and everyone — literally everyone — wanted a piece of “digital ownership.”
One of the loudest moments? Logan Paul buying an NFT for $635,000 at the top of the cycle.
Today, that same token is valued around $155.
That’s not a dip. That’s a 4000x collapse.
And now he reportedly blocks people on X who remind him of it. I get it — nobody enjoys having their worst trade screenshotted forever. But this is crypto. The blockchain never forgets. 😅
Here’s the deeper lesson.
In 2021, NFTs weren’t about utility. They were about narrative velocity. Attention was the asset. Scarcity was emotional, not fundamental. When liquidity dried up and new buyers stopped coming, prices didn’t “correct.” They evaporated.
This is why I always say: in crypto, separate technology from mania.
$BTC survived multiple 80% crashes because it has a clear monetary thesis. $ETH survived because it powers an ecosystem. Most NFTs? They were cultural moments, not economic systems.
It doesn’t mean NFTs are dead forever. It means price without durable demand is just vibes.
We’ve all made painful trades. The difference between amateurs and veterans isn’t avoiding mistakes — it’s surviving them.
Crypto humbles everyone. Even celebrities. Surtout les célébrités. 🔥
#Crypto #NFT #Web3 #Bitcoin #Ethereum #MarketCycles
Disclaimer: This content is for informational purposes only and not financial advice.