Following the U.S. Securities and Exchange Commission’s (SEC) charges against Stoner Cats, the NFT project backed by Mila Kunis, the digital collectibles have witnessed a staggering surge in sales, soaring by a significant 2,433% within a mere 24-hour span. On September 14, the Stoner Cats’ floor value experienced a notable uptick, surging to 0.084 ether.
SEC Crackdown Boosts Stoner Cats’ Secondary Sales
In the wake of the SEC’s actions against the Stoner Cats NFT project, there was a significant boost in both floor value and trade volume for the digital collection. According to data sourced from opensea.io and nftpricefloor.com, the floor value reached a high of 0.084 ETH, which translates to approximately $136. Prior to the SEC’s intervention, the Stoner Cats’ floor value was hovering around 0.0189 ether, equivalent to $30.73 based on the prevailing ETH exchange rates.
Stoner Cats is an NFT collection with a cannabis theme, linked to an animated series depicting feline characters enjoying leisure time with an elderly woman getting stoned. The show’s creators are Mila Kunis and her husband, Ashton Kutcher, and it prominently featured Seth MacFarlane from “Family Guy,” along with Chris Rock and Jane Fonda. Based on data from opensea.io and cryptoslam.io, the project is held by a range of unique addresses, estimated to be between 3,863 and 5,192.
According to cryptoslam.io metrics, Stoner Cats has generated $28.16 million in secondary sales since its launch in July 2021. The project comprises 10,420 Stoner Cat NFTs, each sold at 0.35 ETH during the original sale. Since July 2021, a total of 9,091 buyers have acquired a Stoner Cat NFT, with an average holding period of 10.72 days. Among the 3,000 to 5,000 holders, one address (0xfc9) possesses 451 NFTs, constituting 4.33% of the Stoner Cats collection. Another address dubbed “coco.eth” holds 350 or 3.36% of all the Stoner Cats minted.
What do you think about the Stoner Cats’ collection jumping 2,433% after the SEC crackdown? Share your thoughts and opinions about this subject in the comments section below.