Ozzy Osbourne’s Death Drives NFT Rush By Fans
Ozzy Osbourne passed away at 76, leading to a significant increase in the NFT market, particularly for his CryptoBatz collection. The floor price of CryptoBatz NFTs surged over 400%, rising from under 0.02 ETH to 0.08 ETH shortly after his death, with a peak value of $295. Trading volumes for CryptoBatz skyrocketed by 100,000%, reaching $281,200 in 24 hours, accounting for nearly 80% of the collection's total market cap of $355,000. Approximately 402 sellers and 327 buyers participated in the trading activity. Despite this surge, the metrics did not surpass the all-time high prices recorded during the collection's launch in January 2022, where the average price exceeded 5 ETH. The most expensive CryptoBatz is listed at 99 ETH, while the lowest is around 0.4 ETH. This activity may indicate a potential rebound in the NFT market after a prolonged downturn.
