On March 30, Azuki #9605 traded OpenSea for a record-shattering 420.7 ETH. To date, that’s the highest price anyone has paid for a single NFT in the 10K Azuki collection. At the time of sale, OpenSea user jdizzles spent about $1.4 million on Azuki #9605.
According to OpenSea’s data, “the vault” bought Azuki #9605 for 120 ETH (or $296,324) about two months ago. It is common knowledge that “the vault” is the account of the Red Bean DAO. On the official Twitter page, the Red Bean DAO posted Azuki #9605’s sales details, adding, “This isn’t the end, we’ll see you.”
Azuki #9605 is classified as a “Spirit” NFT and has a glittering male figure surrounded by fireflies. Like the other profile pictures in the Azuki collection, Azuki #9605 takes inspiration from Japanese anime and skate culture.
The recent sale of Azuki #9605 highlights Azuki’s impressive rise to the top of the NFT ladder. Founded by LA’s Chiru Labs in early 2022, Azuki now has the highest trading volume on OpenSea in the past week. Current data suggests Azuki’s 90-day trading volume of 174,527 ETH, which translates to over $500 million.
Last week, the Azuki team dropped 20,000 “Something Official” NFTs on accounts that already contain an original Azuki NFT. After announcing the airdrop, one of Azuki’s core team members, ZAGABOND, hinted that the Azuki universe was “just starting to unfold”.
The current “low-end” price for an Azuki NFT is 27.3 ETH (or about $95,000).
What Makes Azuki #9605 Worth $1 Million?
As mentioned above, Azuki #9605 is in the scarce “Spirit” category. According to Rarity Sniper’s data, there are only 97 other Azuki NFTs in this exclusive group. In fact, of the four types in the Azuki collection, Spirit is the rarest with less than one percent of the Azuki NFTs. More than 90 percent of the Azuki NFTs are in the Human category, while the red and blue Azuki avatars each make up about 4 percent of the collection.
However, it’s not just that Azuki #9605 is in the “Spirit” club that makes it so valuable. Azuki #9605 has nine traits, many of which appear in less than 1 percent of the total collection.
For example, Azuki #9605 Gold Headphones only appear in 35 other Azuki NFTs. His golden shuriken has a rarity rate of 0.14 percent, and the fireflies that surround him are featured in just 88 additional Azuki profile photos. Even more impressive, Azuki #9605 is one of five Azuki NFTs that don’t wear clothes.
Putting all these factors together, Rarity Sniper found that Azuki #9605 is the second rarest NFT in the Azuki collection. The only NFT more valuable than Azuki #9605 is Azuki #2152.