The majority of celebrities who YOLO'd into NFTs are now down significant sums based on the original price.

Celebrities have been putting millions into NFTs since the initial boom in early 2021. But with the decline in prices in both Ethereum and the overall NFT market, NFT trading volume has decreased 88%.

Here are some of the biggest examples. I have only calculated based on the original price the celebrity paid for the NFT. So if they paid 100 ETH, how much was it worth in dollars then, as oppose to now?

Tom Brady - BAYC 3667 - Down 61%

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Justin Bieber - BAYC 3001 - Down 49 %

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Snoop Dogg - Right click guy - Down 71 %

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Eminem - BAYC 9055 - Down 65 %

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Nejmar JR - BAYC 5269 - Down 56 %

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Logan Paul - K4M1 3 - Down 61 %

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Madonna - BAYC 4988 - Down 49 %

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Not only is the original dollar value down, but the actual offers in Ethereum are significantly lower too. Most of these NFTs were purchased current highest offers on most of these NFTs is way below the amount of ETH originally paid. For example,

Logan Paul paid 188 ETH for the K4M1, but the highest offer is currently at 2.1 ETH - a drop of 98.88 %. Neymar Jr paid 189 ETH for the BAYC, but the highest offer is only 92 - 51.2%

If the celebrities choose to sell any of them at their offers, they are accepting fewer ETH and at a significantly dollar value, meaning the loss is further compounded.

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But they're celebrities, are they really down?

Well, if you can believe articles like this one, it suggests that a lot of the celebrities received these NFTs for free. So technically they can never be down.