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How Much Are the Most Expensive NFTs Worth Now? 😱

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Thu, Aug 22, 2024 11:31 AM

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Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Logo](~/AAQRxQA~/RgRoqaarP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPXVhNm56enVkemtxblcDc3BjQgpmu6shx2bOujAOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 22 Aug 2024 11:30 UTC Paris Hilton, Justin Bieber, LeBron James, Madonna, Snoop Dogg and Eminem. No, these are not the global stars set to grace the next Olympics (move over, Tom Cruise). These were some of the celebrities involved in the NFT boom of the last bull cycle. The 2021-2022 NFT craze became a global phenomenon, drawing in normal users, celebs and crypto whales. This led to some truly mind-blowing NFT trades, with some going for over tens of millions of dollars per NFT. 🤯 But as the current NFT winter drags on, how much are these worth now? Let’s find out in today’s newsletter! Here’s a TLDR of today’s top stories: - Bitcoin climbs to $60,271 as the Fed suggests a potential rate cut. [What are investors watching out for in Jerome Powell's upcoming speech?](~/AAQRxQA~/RgRoqaarP0SCaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1yaXNlcy1hcy1mZWQtaGludHMtYXQtcG9zc2libGUtcmF0ZS1jdXQtaW4tanVseS1tZWV0aW5nLW1pbnV0ZXM_bGlkPWIzY2pmMnp5djVjdlcDc3BjQgpmu6shx2bOujAOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) 📈 - NFTs like CryptoPunks and Bored Apes see values plunge from the peak of the NFT bull market. [How much are these NFTs worth now?](~/AAQRxQA~/RgRoqaarP0R3aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdmFsdWUtb2YtbW9zdC1leHBlbnNpdmUtbmZ0cy1wbHVtbWV0LWFzLW5mdC13aW50ZXItY29udGludWVzP2xpZD1rY2JyZ2RqaTF1OTVXA3NwY0IKZrurIcdmzrowDlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) 💸 - BlackRock's Ethereum ETF leads with over $1 billion in inflows. [How did other spot ETFs compare?](~/AAQRxQA~/RgRoqaarP0R7aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYmxhY2tyb2Nrcy1ldGhlcmV1bS1ldGYtc3VycGFzc2VzLWRvbGxhcjEtYmlsbGlvbi1pbi1uZXQtaW5mbG93cz9saWQ9YmxwbjkzbmxpZnNxVwNzcGNCCma7qyHHZs66MA5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) 📊 - Tether plans to launch a stablecoin pegged to the UAE Dirham. [Why did Tether choose to launch in the UAE region?](~/AAQRxQA~/RgRoqaarP0RraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGV0aGVyLXRvLWxhdW5jaC1zdGFibGVjb2luLXBlZ2dlZC10by11YWUtZGlyaGFtP2xpZD1jdmZoOWR2cWNsYmlXA3NwY0IKZrurIcdmzrowDlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) 🇦🇪 - SunPump generated over $1.1 million in revenue shortly after launch. [Will the next memecoin craze be on Tron?](~/AAQRxQA~/RgRoqaarP0R7aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc3VucHVtcC1zdXJwYXNzZXMtZG9sbGFyMTEtbWlsbGlvbi1pbi1yZXZlbnVlLW9uLXRyb24tYmxvY2tjaGFpbj9saWQ9ODVncmhrZWFrcDZsVwNzcGNCCma7qyHHZs66MA5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) 🚀 Let’s dive in after the market overview! MARKET OVERVIEW GLOBAL MARKET CAP $2.16T ▲2.71% (24h) 24H MARKET VOLUME $70.96B ▲15.69% (24h) BITCOIN’S DOMINANCE 56.01% ▲0.21% (24h) FEAR & GREED INDEX 50 Neutral [Bitcoin] Bitcoin $61,225.7 ▲3.1% (24h) [Ethereum] Ethereum $2,635.17 ▲2.04% (24h) [BNB] BNB $580.04 ▲4.36% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRoqaarP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPW55Y2FseWRhZG12blcDc3BjQgpmu6shx2bOujAOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRoqaarP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9aWozZnZhOGo2MmwyVwNzcGNCCma7qyHHZs66MA5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRoqaarP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD02cDJ0NDJvcWlubmpXA3NwY0IKZrurIcdmzrowDlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRoqaarP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPWQzMnQzN3YyYnU5dFcDc3BjQgpmu6shx2bOujAOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) TOP GAINERS 24H% [CATX] [CATX](~/AAQRxQA~/RgRoqaarP0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2NhdHgvVwNzcGNCCma7qyHHZs66MA5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲2433.5% [FLAKY] [FLAKY](~/AAQRxQA~/RgRoqaarP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2ZsYWt5L1cDc3BjQgpmu6shx2bOujAOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲760.55% [Andy] [Andy](~/AAQRxQA~/RgRoqaarP0Q0aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2FuZHktdG9rZW4tYnNjL1cDc3BjQgpmu6shx2bOujAOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲448.83% TOP LOSERS 24H% [MOG TRUMP] [MOG TRUMP](~/AAQRxQA~/RgRoqaarP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL21vZy10cnVtcC9XA3NwY0IKZrurIcdmzrowDlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼99.98% [Beers] [Beers](~/AAQRxQA~/RgRoqaarP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2JlZXJzL1cDc3BjQgpmu6shx2bOujAOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼97.84% [GONG] [GONG](~/AAQRxQA~/RgRoqaarP0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2dvbmcvVwNzcGNCCma7qyHHZs66MA5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼96.26%     BTC and ETH Edge Up on Fed Rate Cut Hints Bitcoin's price rises to $60,271 following the Fed's July meeting minutes, signaling a potential September rate cut. Ethereum also saw a modest climb, gaining 0.8% in the past 24 hours. Investors await Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for more insights. While the Fed's battle against inflation shows progress, equities and gold are still outperforming crypto. [Will crypto catch up?](~/AAQRxQA~/RgRoqaarP0SCaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1yaXNlcy1hcy1mZWQtaGludHMtYXQtcG9zc2libGUtcmF0ZS1jdXQtaW4tanVseS1tZWV0aW5nLW1pbnV0ZXM_bGlkPTk4N2NjcGRoMmVraVcDc3BjQgpmu6shx2bOujAOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Top NFTs Value Plummet as NFT Market Faces a Dramatic Decline The NFT frenzy that captivated celebrities and collectors alike has sharply declined. Once-iconic collections like CryptoPunks and Bored Apes, which saw prices soar to tens of millions, have plummeted by 92% from their peak. As the market cools, investors face significant losses, with extravagant sales now a distant memory. [Will NFTs regain their shine?](~/AAQRxQA~/RgRoqaarP0R3aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdmFsdWUtb2YtbW9zdC1leHBlbnNpdmUtbmZ0cy1wbHVtbWV0LWFzLW5mdC13aW50ZXItY29udGludWVzP2xpZD1sb2I5azdmeXAybjZXA3NwY0IKZrurIcdmzrowDlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   BlackRock's Ethereum ETF Soars Past $1 Billion BlackRock's iShares Ethereum Trust ETF (ETHA) has reached a key milestone. The ETH spot ETF hit over $1 billion in net inflows, outpacing rivals like Fidelity and Bitwise. Despite Ethereum's recent price dip, ETHA continues to attract investors with its competitive 0.25% expense ratio. In contrast, Grayscale's fund struggles with high fees and outflows. As ETHA dominates, the spotlight is on its resilience in a volatile market. [How did ETH react?](~/AAQRxQA~/RgRoqaarP0R7aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYmxhY2tyb2Nrcy1ldGhlcmV1bS1ldGYtc3VycGFzc2VzLWRvbGxhcjEtYmlsbGlvbi1pbi1uZXQtaW5mbG93cz9saWQ9ZnlvZW0wMjBzNWRpVwNzcGNCCma7qyHHZs66MA5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   CMC NARRATIVES: GAMEFI GameFi market cap is down 2.8% to $15.31 billion the last week. Daily volume dropped 20% to $1.26 billion. Top games: Pixels, KGeN, BoomLand. Notable news: "Off The Grid" PS5 playtest, record blockchain game funding. Ronin Bridge upgrade, Immutable-Fireblocks partnership... [Continue Reading.](~/AAQRxQA~/RgRoqaarP0RxaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGhlLXdlZWstaW4tZ2FtZWZpLWRpcHMtc3Bpa2VzLWFuZC1taWxsaW9uLWRvbGxhci1iZXRzP2xpZD1hYm05azgydTE3MnJXA3NwY0IKZrurIcdmzrowDlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [CMC NARRATIVES: GAMEFI](~/AAQRxQA~/RgRoqaarP0RxaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGhlLXdlZWstaW4tZ2FtZWZpLWRpcHMtc3Bpa2VzLWFuZC1taWxsaW9uLWRvbGxhci1iZXRzP2xpZD1rZWhmMXUxaGFyMTRXA3NwY0IKZrurIcdmzrowDlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   Track larger GameFi trends on CMC Narratives: [Track Narrative](~/AAQRxQA~/RgRoqaarP0Q3aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS92aWV3L2dhbWluZy8_bGlkPXhqbWd4d3YzNW84a1cDc3BjQgpmu6shx2bOujAOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Tether Launches Dirham-Pegged Stablecoin Tether plans to introduce a stablecoin linked to the UAE Dirham, tapping into the UAE's status as a global economic hub. This new token aims to facilitate secure AED transactions, from cross-border payments to asset diversification. Collaborating with Phoenix Group and Green Acorn Investments, Tether's Dirham-pegged coin promises to enhance financial efficiency in the region. With the UAE's crypto-friendly environment, [what other developments are Tether eyeing in this region?](~/AAQRxQA~/RgRoqaarP0RraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGV0aGVyLXRvLWxhdW5jaC1zdGFibGVjb2luLXBlZ2dlZC10by11YWUtZGlyaGFtP2xpZD0wd2t3aHFqY2d3eGVXA3NwY0IKZrurIcdmzrowDlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   SunPump's Explosive Start on Tron Blockchain SunPump, a memecoin platform on Tron backed by Justin Sun, has raked in over $1.1 million just 11 days post-launch. With a staggering 7 million TRX accumulated, the platform hit its peak revenue day at $400,000. Despite a brief outage due to high traffic, SunPump bounced back, doubling Tron's daily revenue. While debates persist about the values of memecoin, Sun remains confident, emphasizing community support and innovation. [How has TRX performed since SunPump’s launch?](~/AAQRxQA~/RgRoqaarP0R7aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc3VucHVtcC1zdXJwYXNzZXMtZG9sbGFyMTEtbWlsbGlvbi1pbi1yZXZlbnVlLW9uLXRyb24tYmxvY2tjaGFpbj9saWQ9MnRycXB5MGVpNGNmVwNzcGNCCma7qyHHZs66MA5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   And that's it for today. See you tomorrow!   [Apple Store](~/AAQRxQA~/RgRoqaarP0Q6aHR0cHM6Ly9hcHBzLmFwcGxlLmNvbS9hcHAvY29pbm1hcmtldGNhcC9pZDEyODIxMDcwOTg_bHM9MVcDc3BjQgpmu6shx2bOujAOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Google Play](~/AAQRxQA~/RgRoqaarP0RQaHR0cHM6Ly9wbGF5Lmdvb2dsZS5jb20vc3RvcmUvYXBwcy9kZXRhaWxzP2lkPWNvbS5jb2lubWFya2V0Y2FwLmFuZHJvaWQmaGw9ZW5fVVNXA3NwY0IKZrurIcdmzrowDlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Twitter](~/AAQRxQA~/RgRoqaarP0QyaHR0cHM6Ly90d2l0dGVyLmNvbS9Db2luTWFya2V0Q2FwP2xpZD01Mmpxc2FtMHFsNTVXA3NwY0IKZrurIcdmzrowDlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Telegram](~/AAQRxQA~/RgRoqaarP0QraHR0cHM6Ly90Lm1lL0NvaW5NYXJrZXRDYXA_bGlkPXN2Z3R4ZGNiODd1c1cDc3BjQgpmu6shx2bOujAOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Facebook](~/AAQRxQA~/RgRoqaarP0Q3aHR0cHM6Ly93d3cuZmFjZWJvb2suY29tL0NvaW5NYXJrZXRDYXA_bGlkPXB0dGFreGV4OGtieFcDc3BjQgpmu6shx2bOujAOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Instagram](~/AAQRxQA~/RgRoqaarP0Q5aHR0cHM6Ly93d3cuaW5zdGFncmFtLmNvbS9jb2lubWFya2V0Y2FwLz9saWQ9bTgxdWlkZmt0dm52VwNzcGNCCma7qyHHZs66MA5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [LinkedIn](~/AAQRxQA~/RgRoqaarP0RAaHR0cHM6Ly93d3cubGlua2VkaW4uY29tL2NvbXBhbnkvY29pbm1hcmtldGNhcC8_bGlkPXpxYjlyaGI1OHRralcDc3BjQgpmu6shx2bOujAOUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) DISCLAIMER: Please be aware that CoinMarketCap is NOT a cryptocurrency exchange and does NOT facilitate the buying, selling, withdrawal or trading of crypto/token assets. 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