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TimesTabloid 2025-06-19 12:21:49

Crypto Trader Who Sold His Kidney In 2022 to Buy a Monkey NFT Is Down 98%

Crypto Trader Who Sold His Kidney In 2022 to Buy a Monkey NFT Is Down 98%

In January 2022, a crypto enthusiast known as Vidu posted an image online claiming he had sold one of his kidneys to purchase a Bored Ape Yacht Club (BAYC) NFT. The post featured a stitched surgical wound, a picture of his purchased NFT avatar, and a short message expressing pride in joining the exclusive digital art community. The Peak of NFT Mania At the time, BAYC NFTs were among the most sought-after digital assets in the NFT space, frequently selling for six figures. Celebrities, influencers, and crypto investors rushed into the trend, with BC.GAME, the popular igaming platform, invested 700 ETH in NFTs . This influx of investors boosted valuations and drove demand, with artists making millions from NFT sales . Vidu’s decision, while extreme, was reflective of the market’s sentiment and the cultural status the BAYC brand held at its peak. From 150 ETH to Under 25 ETH Crypto Beast (@cryptobeastreal), a popular crypto enthusiast on X, shared the details of Vidu’s transaction, revealing that his massive investment had not paid off. From a high point that once touched over 150 ETH in value, BAYC NFTs have plummeted to below 25 ETH as of now. This marks a decline of approximately 98% for those who bought near the top of the hype cycle and serves as a stark example of the risks associated with NFTs and speculative crypto investments. 3 years ago, someone sold his kidney to purchase a picture of a monkey. He’s down 98%. pic.twitter.com/vXmpI9DQAr — Crypto Beast (@cryptobeastreal) June 18, 2025 We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 A Harsh Market Reality While many saw the early stages of BAYC as an opportunity for investment or cultural relevance, the extreme volatility of the market eventually forced a reevaluation. Unlike traditional assets, NFTs lack intrinsic value and are heavily dependent on community perception and speculative momentum. As interest in NFTs cooled and broader crypto markets experienced downturns, even high-profile collections like BAYC saw sharp declines. Notable figures such as Vitalik Buterin, Ethereum’s creator, criticized NFTs at the time, calling them another form of gambling . Cautionary Lessons From a Bygone Era This situation is not just about one person or a single NFT. Some individuals, especially during bull runs, were willing to go to extraordinary lengths in pursuit of digital ownership and perceived prestige. However, with markets correcting, the reality for many has been losses that are far more than money. Now, experts are pushing for assets with utility, such as XRP, which are reshaping the financial landscape and offer real-world value. The XRP Ledger (XRPL) is also advancing the NFT ecosystem , adding features that could make them more than just speculative assets. The era of NFTs as status symbols may be near its end, but assets with real value will take the crypto market to new heights. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Crypto Trader Who Sold His Kidney In 2022 to Buy a Monkey NFT Is Down 98% appeared first on Times Tabloid .

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