Moonbirds Surge Into NFT Top Spot With $290M Sold In 4 Days

“Moonbirds” nonfungible token (NFT), the newly launched Ethereum-powered project, seems to be surging toward the top of the trade volume charts. The project managed to generate $290 million worth of sales within four days which enabled it to fly to the top of the charts.

After it sold for a mint price of 2.5 ETH on April 16, the floor price of Moonbirds has also surged quickly to reach 18.45 ETH.

There are up to 10,000 computer-generated pixel owl avatar NFTs in total. All of these nonfungible tokens were quickly sold out on Saturday for a mint price of 2.5 ETH per NFT, or $7,700 at the time of publication.

The minimum average sale, or floor price, has since surged steeply on the secondary markets. Notably, OpenSea is showing a huge sum of $56,800 at the time of writing which has pushed Moonbirds to the top of the market.

BLOOD MOON RISING #moonbirds pic.twitter.com/Jm6bqBVuVF

— beeple (@beeple) April 16, 2022

Based on the data published by CryptoSlam, the project has managed to generate at least $289.9 million worth of secondary sales; and this figure also includes mint sales. Taking that figure into context places Moonbirds project at the top as the best-selling NFT collection over the 7-day and 30-day metrics and second in the last 24 hours.

The gulf in the volume is notable on the 30-day chart. “Moonbirds’” NFT sales figures are a staggering 52% ahead of the second-placed Azuki and its $189.3 million worth of volume and an astounding 76% of the Bored Ape Yacht Club (BAYC) which reported $164.6 million.

Notably, DappRadar also highlighted that the “Moonbirds” #7963 NFT got the ninth-biggest sale of all NFT collections in the past week at 135 ETH, which translates to $410,000 at the time of publication.

Moonbirds Follows BAYC Footsteps

The Moonbirds project seems to be following a similar path to the BAYC by unveiling utility-focused NFTs that give the holders access to a private ecosystem and membership club.

Based on the project’s roadmap, holder benefits will comprise priority access to future drops, merchandise, a membership club, and early access to a forthcoming metaverse platform known as ‘Project Highrise.’

The Moonbirds nonfungible token collection was launched by the PROOF Collective that is working on multiple NFT projects and also works as an exclusive social club for just the 1,000 holders of the “PROOF Collective” NFTs. Interestingly, the collectible membership passes have an incredible floor price of 91 ETH, which translates to $278,800 at the current time.

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So why did I invest 120 $ETH into @moonbirds_xyz which is now valued at roughly 300 $ETH based on last sales?

Why was this such an easy play for me and why am I not selling yet?

Let's dive into Moonbirds and @proof_xyz pic.twitter.com/3zuS6IgCrn

— MoonCat2878 (@mooncat2878) April 18, 2022

This project’s impressive launch seems to be a result of many investors massively backing the founding team of the PROOF Collective that features Digg founder and tech entrepreneur Kevin Rose and Web3 investors Ryan Carson and Justin Mezzell.

A nonfungible token collector known as “Cryptolocity” on Twitter highlighted Rose on April 19, stating that they backed the Moonbirds project as a result of his strong reputation, connections in the Web2 and Web3 spaces, and his NFT-focused podcast that has “contained some of the most life-changing ‘alpha’” for the listeners.

What's are MoonBirds and why is your twitter feed filled with fomo and/or cope about them?

Hopefully this thread can give you some more insight about this record breaking NFT project @moonbirds_xyz and their parent project @proof_xyz

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— Cryptolocity (@Cryptolocity) April 17, 2022