- Stoner Cats NFT collection has generated $28.16 million since July 2021.
- SEC’s intervention increased Stoner Cats NFT’s base value and trading volume.
- SEC fined Stoner Cats $1 million for unauthorized cryptocurrency securities promotion.
The Stoner Cats NFT collection is derived from an animated series that revolves around a group of cats and an elderly woman who enjoy their leisure time under the influence of cannabis. Notable figures such as Seth MacFarlane of “Family Guy”, Chris Rock, and Jane Fonda appeared in the series, developed by renowned celebrities Mila Kunis and Ashton Kutcher.
Cryptoslam.io’s data indicates that since its launch in July 2021, Stoner Cats’ secondary sales have generated $28.16 million. The total number of Stoner Cat NFTs is 10,420, each initially sold for 0.35 ETH
Since July 2021, Stoner Cat NFTs have been acquired by 9,091 buyers, with an average holding period of 10.72 days. Among the 3,000-5,000 holders, one particular address (0xfc9) possesses 451 NFTs, which equates to 4.33 percent of the total Stoner Cats. Additionally, the address “coco.eth” holds 350 Stoner Cats, representing 3.36 percent of the overall supply.
Involvement of the SEC
Following the SEC’s intervention with the Stoner Cats NFT project, there was a significant increase in the digital collection’s base value and trading volume. According to reports from Opensea.io and nftpricefloor.com, the base price peaked at 0.084 ETH, equivalent to approximately $136. Before the SEC’s involvement, the base value of Stoner Cats was around 0.0189 ether, approximately $30.73.
The Securities and Exchange Commission imposed fines of $1 million on the animated show Stoner Cats, featuring Mila Kunis and Ashton Kutcher, due to its unauthorized promotion of cryptocurrency securities.
