OpenSea and Rarible both confirmed blocking Stoner Cats NFT transactions, while Blur shows no active products following the US SEC decision.
The Stoner Cats NFT project is no longer traded on prominent marketplaces such as OpenSea, Blur, and Rarible. The moves follow last week’s announcement from the U.S. Securities and Exchange Commission (SEC) charging the founders with selling unregistered securities.
This Ethereum NFT, tied to an animated series starring a celebrity, initially went on sale in 2021 and has been available for trading on various markets since then. But at the time of writing, neither OpenSea nor Blur showed any active products for the Stoner Cats NFT, while Rarible no longer listed the project on the site.
OpenSea still shows the project page, but a marketplace representative confirmed that it can no longer be bought, sold, or transferred through OpenSea. On its Community Standards page, OpenSea notes that because the site is also used as a blockchain explorer for NFTs, it prioritizes keeping project pages online even when trading has been disabled.
Rarible confirmed the market “has blocked trading due to recent events.” Blur did not immediately respond to a request to confirm the trading ban.
Although NFTs are no longer listed on Rarible and cannot be traded on OpenSea, they still exist on the blockchain and in holders’ wallets. As such, they can still be sold on marketplaces with listings, such as both LooksRare and X2Y2 which have active Stoner Cats NFT listings as of press time.
Stoner Cats was co-created by actress Mila Kunis. She is also the owner of the Orchard Farm Productions studio that developed the project. The project sold Ethereum NFTs that gave access to a web series, focusing on mining cartoon cats.
Kunis voices one of the cats. Her husband Ashton Kutcher and other celebrities like comedian Chris Rock, actress Jane Fonda, “Family Guy” creator Seth McFarlane and even Ethereum founder Vitalik Buterin lend their voices.
Stoner Cats sold 10,420 NFTs in July 2021, raising more than $8 million from the initial sale. The creators also profited from secondary market sales worth more than $20 million afterward, according to data from the SEC.
The creators settled with the US SEC over charges of selling unregistered securities and agreed to pay a $1 million civil penalty, which will be used to establish a Fair Fund and repay investors. Eligibility details have not yet been announced. According to the agency, the creators of Stoner Cats also agreed to destroy any remaining NFTs in their possession.
Stoner Cats NFT sales spiked last week after the SEC news emerged, and prices followed suit, rising from the floor price (cheapest listed NFT) of 0.019 ETH ($30) on Wednesday to a recent high was 0.082 ETH ($131) early Thursday, according to data from NFT Price Floor. NFTs are still being traded on OpenSea and Blur as of last week.
But the price has stabilized considerably since then as this NFT has disappeared from major markets. The current floor price is 0.037 ETH, or about $61.
” 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 significantly by a 2,433% within a mere 24-hour span.”
According to cryptoslam.io figures, Stoner Cats has generated $28.16 million in secondary revenue since its launch in July 2021. The project includes 10,420 Stoner Cat NFTs, each selling for 0, 35 ETH in the first sale.
Since July 2021, a total of 9,091 buyers have purchased Stoner Cat NFTs, with an average holding time of 10.72 days.
Among the 3,000 to 5,000 owners, one address (0xfc9) owns 451 NFTs, representing 4.33% of the Stoner Cats collection. Another address named “coco.eth” holds 350, or 3.36% of all Stoner Cats produced.
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 charges against Stoner Cats, the NFT project backed by Mila Kunis.){kind=link}