The Golden State Warriors won the NBA Championship on Thursday, defeating the Boston Celtics in a thrilling 103-90 victory. This is the Warriors' seventh championship and the fourth for NBA star Steph Curry.
Curry purchased the Ape on Aug. 28, 2021, for 55 Ethereum (CRYPTO: ETH), a relatively modest amount of Ethereum compared to the current floor price of 86.85 ETH.
When he purchased the Ape, Ethereum was priced at $3,246.78, meaning Curry spent $178,572.90 to acquire the NFT.
Considering the extreme volatility in the crypto markets that has seen Ethereum return to December 2020 prices, Curry would have a loss if he were to sell the Ape today.
Ethereum is currently priced at $1,080.48. If Curry sells at the floor price of 86.85 ETH, he would receive $93,926.53 before royalty and creator fees.
This means he would lose $84,646.37, or a 47.4% loss on the investment.
We doubt he would worry too much. According to Forbes, he is the fifth highest-paid athlete in the world, making an astounding $92.8 million in 2022.
Photo: Grustock via Shutterstock
