He didn’t buy a JPEG. He bought the top.
In 2021, during peak $NFT euphoria, Logan Paul purchased an NFT for $635,000.
Today?
That same NFT is reportedly worth around $155.
Let that sink in.
This isn’t about mocking someone’s loss.
It’s about understanding market structure and crowd psychology.
2021 wasn’t just a bull market.
It was a liquidity mania.
Easy money.
Infinite narratives.
“New paradigm” thinking.
NFTs weren’t being priced on cash flow.
They were priced on attention.
And attention is the most volatile asset in the market.
When liquidity expands, everything goes up.
When liquidity contracts, narratives die first.
The NFT market didn’t collapse because JPEGs are useless.
It collapsed because speculative demand disappeared.
That’s the part most people miss.
Price is not value.
Price is participation.
When participation dries up, price has no support.
Now zoom out.
This is not just an NFT story.
This is a cycle story.
We see it in altcoins.
We see it in meme tokens.
We see itx points of vertical expansion driven by retail FOMO.
Parabolic move → emotional entry → liquidity exit.
The pattern repeats.
Market Structure Lesson
Blow-off tops are fueled by emotion, not fundamentals.
If you are buying after exponential expansion, you are likely the liquidity.
Markets reward patience.
They punish urgency.
Trade Thought / Decision Framework
Before entering any hype-driven asset, ask:
Is this accumulation… or distribution?
Is liquidity expanding… or contracting?
Am I early in structure… or late in narrative?
If the answer isn’t clear, size down or step aside.
The Moral
Don’t confuse popularity with value.
Don’t confuse virality with sustainability.
And never invest based on excitement alone.
Cycles create millionaires.
But they also transfer wealth — from the impatient to the disciplined.
What do you think — are we seeing similar hype structures forming anywhere in this cycle?
(For clarity — this is educational market commentary, not investment advice. Focus on confirmation, structure, and risk control.)
