Before you say it's too much for this hat, i have to say that i agree with you. But its hard to find sellers of this hat and its even harder to find one for 2 ref, which is the current price. I provide the proof below:

2 Ref (Current Price - these guys are the only sellers who sell the hat for the current price)

http://www.tf2outpost.com/trade/12037641

http://www.tf2outpost.com/trade/12087251

2.33

http://www.tf2outpost.com/trade/12029042

2.66

http://www.tf2outpost.com/trade/11885713

http://www.tf2outpost.com/trade/12033674 (lvl 42)

http://www.tf2outpost.com/trade/8503195

http://www.tf2outpost.com/trade/11745530

3 Ref

http://www.tf2outpost.com/trade/10231542

http://www.tf2outpost.com/trade/11974078 (lvl 99)

1 Key:

http://www.tf2outpost.com/trade/11997954

If you search for this hat on TF2 Outpost, you will only have 4 pages to browse. Other sellers are waiting for offers or selling as a set.

Proof may not seem enough, but as i said, its hard to find sellers of this dude.

Thank you.