Logan Paul’s $635,000 NFT ‘Mistake’ Plunges 99% — Where Are Other Celebrity NFTs Now?

💡 DMK Insight

Logan Paul’s NFT crash isn’t just a personal loss; it’s a stark reminder of the broader NFT market’s volatility. With celebrity-backed projects plummeting, traders need to reassess their exposure to NFTs. The market’s contraction signals a potential shift in sentiment, especially as speculative investments face scrutiny. This could lead to a cascading effect, impacting related assets like Ethereum, which powers many NFTs. If you’re holding onto similar assets, keep an eye on key support levels; a break below recent lows could trigger further sell-offs. Watch for any news that might indicate a revival or a deeper downturn in the NFT space, as that will guide your trading strategy moving forward.