Justin Bieber purchased a Bored Ape Yacht Club (BAYC) NFT for $1.29 million, paying a reported 300 percent more than its valued market price, according to PageSix.
The singer posted a photo of the new BAYC #3001 – which features a cartoon ape in a black T-shirt with tears in its eyes – to his Instagram on Monday, along with lyrics from his 2021 hit song “Lonely.”
“What if you had it all, but nobody to call, maybe then you’d know me. Cuz I’ve had everything but noones listening and that’s just fuckin lonely. #lonelyboredape,” he captioned the post shared with his 219 million Instagram followers.
Bieber, 27, purchased the NFT for 500 ethereum cryptocurrency, which is the equivalent to $1.29 million, according to Bitcoin.com.
The estimated value of the NFT was $208,237 as of January 29, 2022, meaning the star bought the non-fungible token for nearly 300 percent above its valued price.
Naturally, people took to Twitter to poke fun at Bieber for dishing out so much money for the piece.
“Justin Bieber really paid 5x the Bored Ape floor price for an ape with no rare traits He just got finessed,” one person tweeted.
“Next time you think you’re down bad, just remember that .@justinbieber just bought a floor ape for 500 ETH,” another person added.
Bieber is no stranger to the NFT world and has a growing collection of pieces. The “Yummy” singer, who has an estimated net worth of $285 million, has reportedly purchased 619 NFTs from 49 different collections.
But he isn’t the only star to hop on the Bored Ape Yacht Club bandwagon. Paris Hilton, Jimmy Fallon, Serena Williams, Travis Barker, Eminem, Stephen Curry and Gunna have all purchased BAYC NTFs.
A rep for Bieber did not immediately respond to Page Six’s request for comment.