The Moonbirds Soar to No. 1 in NFT with $290 Million Sold in Four Days | Cryptocurrency

After being sold at a price of 2.5 ETH on April 16, the floor price of Moonbirds also quickly rose to 18.45 ETH.

The recently launched Ethereum-based Moonbirds NFT project has risen to the top of the trading volume charts after generating $290 million in sales in just four days.

There are a total of 10,000 computer-generated pixel owl avatar NFTs, which were quickly sold on April 16 at a price of 2.5 Ether (ETH) per NFT, or $7,700 at current prices. The floor price (minimum average sale) has since exploded in the secondary markets, with OpenSea currently showing a hefty 18.45 ETH ($56,800).

According to data from CryptoSlam, the project generated over $289.9 million in secondary sales (the figure also includes mint sales). The figure places the project as the best-selling NFT collection on the seven-day and 30-day metrics, and second on the last 24 hours.

Looking at the 30-day chart, the volume chasm is noticeable, with Moonbirds’ NFT sales numbers 52% ahead of second-placed Azuki and its volume of $189.3 million, and 76% of BAYC at 164. $6 million.

DappRadar also pointed out that the Moonbirds #7963 NFT had the ninth biggest sale of any NFT collection in the past week at 135 ETH ($410,000).

Top NFT Sellers in the Past Week: DappRadar

Project Moonbirds is following a similar path to the Bored Ape Yacht Club (BAYC) by launching utility-focused NFTs that allow holders access to a private ecosystem and membership club.

According to the project roadmap, hodler’s benefits will include priority access to future drops, a membership club, merchandise, and early access to an upcoming Metaverse platform named “Project Highrise.”

The Moonbirds NFT collection was founded by the PROOF collective, which works on several NFT projects and also acts as an exclusive social club for the 1,000 holders of the PROOF collective NFTs. Collectible Passes have an enticing floor price of 91 ETH ($278,800) at the time of writing.

Moonbirds’ impressive launch appears to be the result of massive investor support for founding members of the PROOF collective, which includes tech entrepreneur and Digg founder Kevin Rose, as well as Web3 investors Justin Mezzell and Ryan Carson.

An NFT collector who goes by “Cryptolocity” on Twitter pointed to Rose yesterday, noting that they supported the project because of his strong reputation, his connections in the web2 and web3 worlds, as well as his NFT-focused podcast which has “contained some of the most life-changing ‘alpha'” for its listeners.

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The Moonbirds Soar to No. 1 in NFT with $290 Million Sold in Four Days | Cryptocurrency

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