Following the US Securities and Exchange Commission (SEC) indictment against Stoner Cats, the NFT project backed by Mila Kunis, the digital collectibles have witnessed a staggering increase in sales, increasing by a significant 2,433% in just 24 hours rose. On September 14, the Stoner Cats’ floor value experienced a notable increase, rising to 0.084 ether.
SEC action boosts Stoner Cats secondary sales
In the wake of the SEC’s actions against the Stoner Cats NFT project, there was a significant increase in both floor value and trading volume for the digital collection. According to data sourced from opensea.io and nftpricefloor.com, the minimum value reached a high of 0.084 ETH, which translates to approximately $136. Before the SEC’s intervention, the Stoner Cats’ floor value hovered around 0.0189 ether, which is equivalent to $30.73 based on prevailing ETH exchange rates.
Opensea 24 hour sale on September 14, 2023.
Stoner Cats is a cannabis-themed NFT collection tied to an animated series where feline characters spend their free time with an older woman who gets stoned. The show’s creators are Mila Kunis and her husband, Ashton Kutcher, and Seth MacFarlane of ‘Family Guy’ was prominently featured, along with Chris Rock and Jane Fonda. Based on data from opensea.io and cryptoslam.io, the project is managed by a range of unique addresses, estimated to be between 3,863 and 5,192.
According to cryptoslam.io statistics, Stoner Cats has generated $28.16 million in secondary sales since its launch in July 2021. The project includes 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 purchased a Stoner Cat NFT, with an average holding period of 10.72 days. Of the 3,000 to 5,000 holders, one address (0xfc9) owns 451 NFTs, making up 4.33% of the Stoner Cats collection. Another address called “coco.eth” contains 350 or 3.36% of all minted Stoner Cats.