Ozzy Osbourne’s passing sparks 400% surge in CryptoBatz NFTs
Ozzy Osbourne's passing at the age of 76 led to a notable surge in the NFT market, particularly for his CryptoBatz collection. Soon after the announcement of his death, the floor price of these NFTs increased by over 400%, climbing from under 0.02 Ether to a peak of 0.08 ETH, equating to approximately $295. Trading volumes for CryptoBatz also surged dramatically by 100,000%, with transactions reaching $281,200 within 24 hours, comprising nearly 80% of the total market cap estimated at $355,000. The trading activity involved about 402 sellers and 327 buyers within the collection of 9,666 NFTs. Despite this spike, the current metrics have not surpassed the all-time high average price above 5 ETH recorded during the collection's launch in January 2022. As the NFT market experiences this resurgence, it raises possibilities for a broader market rebound following a lengthy downturn.
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