In 2021, at the height of the NFT craze, one NFT collector refused an offer exceeding 1000 ETH for a single Bored Ape Yacht Club piece. At that time, the decision was seen as a genius move or even a challenge to the traditional financial system itself.
Today? That same piece is valued at only about 50 ETH.
🧠 What happened?
This story is not about NFTs but about the illusion of scarcity and the arrogance of peaks.
In 2021:
Ethereum was flowing without restrictions
Liquidity was cheap
Influencers were shaping prices
And everyone believed that “demand is eternal”
📉 The Silent Shift
What many didn’t notice:
NFTs were not inherently productive
Value was social and psychological, not financial
Demand was speculative, not utilitarian
With:
Tighter liquidity
The collapse of hype
The disappearance of late buyers
The price collapsed, but the decision remained etched in history.
⚖ The Paradox
🔻 Refusing 1000 ETH 🔻 Holding the token 🔻 Losing more than 95% of its ETH-denominated value
The real question is not:
Did I make a mistake?
But:
Was the market honest at all?
🧨 The lesson that is not spoken aloud
Not everything that rises deserves to be held
Not every rejection of an offer is faith in the project
Sometimes selling at the peak is the highest form of intelligence, not betrayal
This story is taught as a classic case of peak hubris (Peak Hubris).
NFTs are not dead But the illusion that lifted them to the sky has died.
And those who refused 1000 ETH in 2021 Taught the market a harsh lesson in 2026:
Values that are not realized at the peak often do not return.
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Listen to this story and take it as a lesson
In 2021, at the height of the NFT craze, one NFT collector refused an offer exceeding 1000 ETH for a single Bored Ape Yacht Club piece.
At that time, the decision was seen as a genius move or even a challenge to the traditional financial system itself.
Today?
That same piece is valued at only about 50 ETH.
🧠 What happened?
This story is not about NFTs but about the illusion of scarcity and the arrogance of peaks.
In 2021:
Ethereum was flowing without restrictions
Liquidity was cheap
Influencers were shaping prices
And everyone believed that “demand is eternal”
📉 The Silent Shift
What many didn’t notice:
NFTs were not inherently productive
Value was social and psychological, not financial
Demand was speculative, not utilitarian
With:
Tighter liquidity
The collapse of hype
The disappearance of late buyers
The price collapsed, but the decision remained etched in history.
⚖ The Paradox
🔻 Refusing 1000 ETH
🔻 Holding the token
🔻 Losing more than 95% of its ETH-denominated value
The real question is not:
Did I make a mistake?
But:
Was the market honest at all?
🧨 The lesson that is not spoken aloud
Not everything that rises deserves to be held
Not every rejection of an offer is faith in the project
Sometimes selling at the peak is the highest form of intelligence, not betrayal
This story is taught as a classic case of peak hubris (Peak Hubris).
NFTs are not dead
But the illusion that lifted them to the sky has died.
And those who refused 1000 ETH in 2021
Taught the market a harsh lesson in 2026:
Values that are not realized at the peak often do not return.
Because the truth in markets is only spoken after it’s too late.
#crypto #eth #Nft #CryptoNews
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