Moonbirds NFT Sales Skyrocket Capturing $364 Million in 5 Days

newsbtcPublished on 2022-04-22Last updated on 2022-04-22

Abstract

This week a new NFT collection called Moonbirds has surpassed the likes of Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and Cryptopunks sales.

Moonbirds NFT Sales Skyrocket Capturing $364 Million in 5 Days

A non-fungible token (NFT) collection called Moonbirds has been a topical conversation within the NFT community as the compilation’s sales have been enormous. The Moonbirds NFT project started selling five days ago on April 16, and since then statistics show the collection has seen $364.83 million in sales.

Moonbirds NFT Collection Takes the Top Spot This Week

This week a new NFT collection called Moonbirds has surpassed the likes of Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and Cryptopunks sales. Traders only started swapping the 10,000 Moonbirds NFTs five days ago and since then it has captured $364.83 million in sales volume.

Moonbirds is currently the top NFT collection this week in terms of overall sales above dozens of unique collections. In fact, Moonbirds sales represent approximately 37.85% of the $963.8 million in total NFT sales recorded during the last week.

Moonbirds NFT Sales Skyrocket Capturing $364 Million in 5 Days

Moonbirds have been popular because the collection is backed by Proof Collective, a group of well known NFT collectors. Members include the investor Gary Vaynerchuk and the popular NFT artist known as Beeple.

Proof Collective’s website notes that it is a “private members-only collective of 1,000 dedicated NFT collectors and artists.” In order to join Proof Collective, the membership fee has a floor price of around 108 ethereum (ETH). Proof Collective was crafted by Justin Mezell, Kevin Rose, and Ryan Carson.

After the Moonbirds public mint finished, the NFT collection has seen a significant number of sales as it held the largest sales volume on Opensea this past week. Out of 14,723 transactions, Moonbirds has seen 11,170 buyers in the last five days. Moonbirds are not cheap as three of them made it into this week’s top five most expensive NFT sales.

Stats from cryptoslam.io indicates that Moonbird #2819 sold for 182.44 ether or $562K about 18 hours ago. Moonbird #1210 sold for the same exact price and Moonbird #8249 sold for 175 ether or $547K about six hours before this article was written. Metrics show Moonbirds has approximately 6,512 owners at the time of writing. The pixelated bird collection’s floor value is also up 61.1% during the last 24 hours jumping to 33 ether.

Over the last day, Moonbirds NFTs have seen 15,711.94 ether or $48.1 million in 24-hour trade volume. The 10,000 individual Moonbirds collectively have a market capitalization of around 330,000 ether or just over $1 billion in USD value.

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