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The Oceanwater was obtainable in Season 27: "A Pirate's Treasure" by reaching level 7.
Oceanwater is quite a decent item in trading. It can often get base value in good demands (with it often getting Revox or JBX), and rarely even overpays. Its demand is quite good, comparable to other low demanded items at this price range (such as Blue Portal).
Top 3 holders control
Largest holder · 24% of circulation