From $2 million to just $1.62. Story of a failed NFT – Katoch Tubes

The Failed NFT

The Crypto Bear Market

2022 has been the worst year for cryptocurrencies and NFTs. From Altcoins to top NFTs, everyone's facing the heat.

The Tweet turned NFT

It was Jack Dorsey, the founder of Twitter turned his first tweet into NFT that sold for 1630 ETH, equalling to $2.91 million

The failed Resale

Bought by crypto entrepreneur of Iranian origin. He tried to resale the NFT in April 2022 for $50 million. It received just 2 ETH as highest bid worth $6K

Road to $1.62

The NFT has further slumped in value with the lowest bid now offering to buy NFT for just $1.62 while highest at $243.

More Value Erosion

The NFT tweet has lost more ground after Elon's acquisition of Twitter. Jack is an old story

Biggest NFT losers

Check out the biggest NFT losers in the down market

Learn more

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