The simple fact is that some people have a lot of ETH that they did not get at the current market price. Those people will pay a lot of ETH for something that

The simple fact is that some people have a lot of ETH that they did not get at the current market price. Those people will pay a lot of ETH for something that when you convert it to $ seems to make no sense but if you look through the lens of "I have done extremely well already and this whole thing is an experimental platform" then it starts to justify why some people pay seemingly absurd amounts of "money" for what everyone who's "in on it" knows is basically just a cool digital trinket. ie. If you bought 100 pebbles for $1 you'd probably trade me one of your pebbles for a nice drawing I made. The fact that pebbles are now $100 ea. is irrelevant because you're happy enough to just sell a single pebble and get $100 back and then do fun stuff with the 99 remaining pebbles.