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1 Sale for around 18 keys:
https://ibb.co/174VRwt
Lowest Seller for Bubbling Frag:
https://ibb.co/rHvrk37
Of course the fact that it's a retired effect and is only 1:3 in existence does make it a little more valuable
if the sale's "around 18 keys", why are you trying to price it at 25?
there's also a seller for like 13 keys worth on marketplace, as well as a sale for that and even lower.
https://marketplace.tf/items/tf2/31008;5;u133