2026-01-11 18:24:25

Market reality check: An NFT collection that commanded 1000 ETH bids back in 2021 is now trading at just 5-6 ETH on the floor. That's a brutal 99% drawdown in valuation.

This stark contrast tells you everything about how the market has shifted. What once seemed like blue-chip digital assets got crushed when the hype cycle peaked and reality set in. The harsh lesson here? Even premium NFTs aren't immune to brutal corrections when market sentiment flips. Prices don't just dip—they can collapse.

ETH-0,49%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
4
Repost
Share

Comment

0/400

UncleWhale

· 01-11 18:44

1000 ETH down to 5-6 ETH? Oh my, what a drop... Who was the one claiming this thing was a blue-chip back then?

View OriginalReply0

RektButAlive

· 01-11 18:29

1,000 ETH drops to 5, and it's truly outrageous—this is human nature.

View OriginalReply0

MidnightGenesis

· 01-11 18:28

On-chain data shows that this wave of decline was not accidental at all. Tracing back from the contract deployment time, the bidding in 2021 was essentially based on illusory liquidity... from 1000 ETH to 5-6 ETH. In plain terms, this is the true value after the bubble burst—pitiful.

View OriginalReply0

ChainProspector

· 01-11 18:25

Wow, this is reality... The stuff that was worth 1000 ETH back then is now only worth 5-6, really sympathize with those who bought at the peak.

View OriginalReply0