Ethereum News Today: Ozzy Osbourne’s passing sparks 400% CryptoBatz NFT surge 100,000% volume spike

Generated by AI AgentCoin World
Wednesday, Jul 23, 2025 5:55 am ET1min read
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Aime RobotAime Summary

- Ozzy Osbourne's death triggered a 400% surge in CryptoBatz NFT floor prices, rising from 0.02 ETH to 0.08 ETH within hours.

- 24-hour trading volume spiked 100,000% to $281,200, accounting for 80% of the project's $355,000 market cap.

- The frenzy involved 402 sellers and 327 buyers, with prices stabilizing at $36.80 despite remaining below 2022 peaks.

- Analysts attribute the spike to celebrity-driven emotional value but caution it reflects short-term speculation rather than sustained market recovery.

The passing of legendary heavy metal musician Ozzy Osbourne at 76 years old triggered a significant spike in demand for his CryptoBatz NFT collection, with floor prices surging over 400% within hours of the announcement [1]. According to OpenSea data, the floor price of the NFTs—digital bats representing Osbourne’s 9,666-unique-piece collection—rose from under 0.02 ETH to as high as 0.08 ETH [1]. At peak value, this equated to $295 per NFT at 8:00 pm UTC on Tuesday, as reported by CoinGecko [1].

The surge was accompanied by a staggering 100,000% increase in 24-hour trading volume, which reached $281,200, according to DappRadar [1]. This activity accounted for nearly 80% of the project’s total market cap of $355,000, with current floor prices stabilizing at $36.80 [1]. The rapid trading involved 402 sellers and 327 buyers, marking an unusual level of engagement given the limited supply of 9,666 NFTs [1].

Osbourne’s foray into NFTs began in December 2021 with the launch of the CryptoBatz collection, which initially saw the moving average price exceed 5 ETH in January 2022 [1]. While the recent spike reflects renewed interest, it has not surpassed the project’s launch metrics. The most expensive NFT listed remains the Megadragon

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at 99 ETH, while the lowest-priced token, CryptoBat 5892, is valued at 0.4 ETH [1].

Analysts note that the surge underscores the emotional and cultural capital of NFTs tied to celebrity legacies, though the broader market remains cautious. The 400% price jump and 100,000% volume increase suggest a short-term frenzy rather than a sustained trend, with the current floor price still far below the 2022 peak [1]. The event aligns with broader industry speculation about a potential NFT market rebound after years of declining trading volumes [1].

Source: [1] [title: Ozzy Osbourne’s passing sparks 400% surge in CryptoBatz NFTs] [url: https://coinmarketcap.com/community/articles/6880adeb9a145369844a9cc7/]