From $2.9 Million to Less than $4 at Present

Jack Dorsey’s first tweet NFT has taken a wild ride, starting with a staggering value of $2.9 million and currently plummeting to a mere $3.77. This rollercoaster journey has left everyone astonished at the drastic decline.

Back in 2021, crypto entrepreneur Sina Estavi made headlines when he purchased Jack Dorsey’s first tweet as an NFT for $2.9 million. The tweet’s uniqueness and its association with Twitter contributed to its high value. However, fast forward two years later, and the scenario has completely changed. The NFT’s value has dramatically decreased, leaving Estavi disappointed.

Despite his efforts to resell the NFT since 2022, Estavi’s plans to make a charitable contribution have not come to fruition. He listed the digital asset for an ambitious $48 million, with the intention of donating half to charity. Unfortunately, the bids were disappointingly low, ranging from $280 to the highest offer of $6,800.

The decline in value of Jack Dorsey’s first tweet NFT reflects the challenging times for the NFT market as a whole, which has been affected by the broader crypto market downturn. Notable NFT projects like Bored Apes and Crypto Punks have experienced significant drops in their floor prices, surpassing 70% since their peak levels.

The world of NFTs is indeed a wild ride, and as the market continues to evolve, its future remains uncertain. The ups and downs of Jack Dorsey’s first tweet NFT serve as a testament to the volatility of this emerging industry.

It is important to note that all investment and financial opinions expressed by NFTevening.com are not recommendations. This article serves as educational material, and readers are advised to conduct their own research before making any investment decisions.

Overall, Jack Dorsey’s first tweet NFT has witnessed a remarkable journey, experiencing both soaring heights and dramatic declines. Only time will tell what the future holds for NFTs and their market value.