Reddits own NFTs called CryptoSnoos have lost 99% of their Value in a few Months, from $700000 to $280

A few months ago Reddit released their own NFT collection called CryptoSnoos, pictures of Reddits mascot.

The NFTs have sold for up to 175 Ethereum, around $700000 around that time. Surely many people still want to buy them a few months after they were sold? No, not really.

The last offers for the $700000 NFTs are:

4 days ago: 0,07 Ethereum (around $280)

4 days ago: 0,05 Ethereum (around $200)

14 says ago: 0,01 Ethereum (around $40)

(...)

Not only are the bids low, there are not even many bidders (3 bids in 14 days).

Even if you ignore the mentioned, one of the NFT owners tried to list their NFT for 42 Ethereum, but no one bought it. Showcasing a loss of at least 80%.

Some NFTs might actually keep, or even aquire more value over time. But one thing is sure: the majority of NFTs being thrown on the market today will not have much value when the hype leaves.