CryptoBatz NFTs saw prices and trading volumes soar after Ozzy Osbourne’s death at 76.
- CryptoBatz floor price jumped over 400% within hours
- Trading volume surged 100,000% to over $280K in 24 hours
- Fans rushed to buy NFTs to honor the rock legend
CryptoBatz NFT Prices Soar After Death Announcement
After the news of Ozzy Osbourne’s death on Tuesday, demand for his CryptoBatz NFTs surged fast. The floor price jumped from less than 0.02 ETH to 0.08 ETH. That’s a jump of over 400%, according to OpenSea data. At its peak, the floor price was around $295 by 8:00 pm UTC that day, based on CoinGecko figures.
Trading Volume Skyrockets to Over $280K
Not only did prices rise, but trading activity also exploded. Data from DappRadar shows that CryptoBatz trading volume increased by more than 100,000% in just 24 hours. It reached $281,200, with about 402 sellers and 327 buyers making trades. This single-day volume made up nearly 80% of the project’s total market cap, which is estimated at $355,000.
The current average floor price now sits around $36.80, but prices still vary a lot. Some NFTs are listed for much higher, including the top item, the Megadragon bat, which is listed at 99 ETH.
Still Below Historic Highs From Launch
Even with this huge jump, the current prices do not beat the highs seen when the collection was launched. Back in January 2022, right after launch, the average price hit more than 5 ETH. The project, created in December 2021, includes 9,666 unique NFTs inspired by Ozzy’s image and legacy.
This latest surge reflects fan interest and tribute after Osbourne’s passing. While not at peak levels, the movement could be a sign of growing interest returning to the NFT market. Some experts suggest the market might recover after a long slow period.
Source: cointelegraph.com