Justin Bieber paid $1.29 million for a jpg of an ugly cartoon ape earlier this year.
After the FTX crash, the floor price of NFT dropped below $60,000.
However, it has since clawed its way back up to $69,000.
Bieber's ape, #3001 in the collection, was purchased back in January and is currently valued at $69,000.
Its free-fall is partly due to Bieber's own impulses.
If you're a fan of Bieber, don't cry for him; he's worth over $200 million and could drop $1.3 million on an NFT.
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