I would've been more merciful and lowered it to 1.66, rather than price it as a craft hat. Supply is way higher than demand though. If only the crates had a lower drop rate, price might've stayed higher.

It was inevitable, it's Pyromania redux. Mass uncrating = massive amounts of craft hats. Gonna be lots of those cute little kitties being crafted away, as popular as they are, they're just craft kittens now.