Moonbirds NFT Sales Skyrocket, Capturing $364 Million in 5 Days

Moonbirds NFT Sales Skyrocket, Capturing $364 Million in 5 Days

 

A new non-fungible token (NFT) collection called Moonbirds has been a topical discussion within the NFT community as the sales have peaked to touch new highs. The Moonbirds NFT project started selling five days ago on April 16, and since then, the collection has reached $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, topping 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 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 last 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.

Data from cryptoslam.io indicate that Moonbird #2819 sold for 182.44 ether or $562K. Moonbird #1210 sold for the same price and Moonbird #8249 sold for 175 ether or $547K. Metrics show Moonbirds have approximately 6,512 owners. The pixelated bird collection’s floor value is also up 61.1% during the last 24 hours jumping to 33 ether.

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 capitalisation cost of around 330,000 ether or just over $1 billion in USD value.