Justin Bieber Reportedly Buys Common 'Bored Ape' NFT For 500 ETH As Internet Speculates On The $1.3M Purchase

World-renowned musical artist Justin Bieber reportedly bought a Bored Ape NFT on Saturday. The Ape, which was bought for 500 ETH by a wallet that is named after Justin Bieber, was set up around the time that Bieber's own collaboration with the NFT project In-Betweeners was made, causing some to be skeptical of this over the top purchase.

As it currently stands, the 500 ETH selling price, approximately $1.3 million at the time of writing, would be the highest price paid for a single Bored Ape, and between four to five times the price of other Bored Apes bought by celebrities in recent months.

Justin Bieber’s NFT shopping spree continues with Bored Ape #3001 for 500 ETH ($1,310,125) 👀 pic.twitter.com/s1HpxLljW8

— nft now 💭 (@nftnow) January 29, 2022

It seems likely that Justin Bieber didn't pay for that Ape NFT himself and might not even control his own NFT wallet to begin with… a thread. 🧵

— $𝐍𝐎𝐂𝐎𝐈𝐍 𝐞𝐧𝐭𝐡𝐮𝐬𝐢𝐚𝐬𝐭 (@interlunations) January 31, 2022

Justin Bieber out here buying every nft he can find😭 #opensea #nft pic.twitter.com/tlUnIx8Kgz

— MattJay (@matthewjay33) January 30, 2022

While the common thing in this situation is for the celebrity to be clowned on by anti-NFT social media, because of the monstrous price paid out by Bieber, he even had some people from within the NFT space scratching their heads about it. When it comes to NFTs, it is a commonly held belief that the rarer a trait is, which is something the NFT gains when it is minted, the more valuable it is.

Something that has a trait shared by 40 percent of the collection is worth less than something with a trait only 1 percent of the collection has, and Bieber's Bored Ape's lowest trait percentage is 6 percent, the "sadness" trait, with over 558 other Bored Apes having that trait. This means that not only are people right-clicking to save and posting the NFT, but others are saying it wasn't worth even half of what was paid for it, due to its bad trait rolls.

Justin Bieber really paid 5x the Bored Ape floor price for an ape with no rare traits

He just got finessed 😭😭😭

— theweeknd.eth (@LilMoonLambo) January 29, 2022

Look at this NFT Justin Bieber bought for all of us to right click and save, so generous pic.twitter.com/AFr5dp8Q5o

— Joe (@FarmhoJoe1990) February 1, 2022

Justin Bieber's own NFT don't even wanna be there pic.twitter.com/lthzVjCVsb

— Kurrco (@Kurrco) February 1, 2022

Justin Bieber spent 500 ETH ($1.3 MILLION) on this digital ape drawing…that everyone can save to your phone for $0. Truly don’t understand this NFT craze. pic.twitter.com/8W96xrNBEG

— Frank Passalacqua (@randomfrankp) January 29, 2022