The non-fungible token (NFT) market has continued to surprise us. Launched on Saturday, April 16, the Moonbirds NFT collection has had an explosive start, as evidenced by the sales volumes: over $300 million in the space of 3 days.
Moonbirds explode in volume
This Easter weekend, non-fungible token (NFT) enthusiasts did not take a holiday. Saturday 16 April saw the launch of the highly anticipated Moonbirds collection, backed by renowned entrepreneur Kevin Rose. The collection did not disappoint, on the contrary: trading volumes exceeded $300 million in just 3 days.
According to data from the aggregator CryptoSlam, these volumes include both the initial sale, i.e. the mint of the collection by users, and the resale of NFTs on the secondary market. The latter part is still estimated at $232 million.
Thus, the Moonbirds collection is well ahead of the pack in terms of trading volumes over the last 7 days and over the last 30 days. In comparison, the Azuki collection came in second place with $190 million in transactions, 1.57 times less than the Moonbirds collection
NFT sold for record price
Simply put, Moobirds are 10,000 pixelated, randomly generated NFTs with varying attributes. Initially, the PROOF collective, led by Kevin Rose, chose to offer only 7,875 pieces of the collection for sale, at a price of 2.5 ETH (or $7,600 at the time of the sale).
Some examples of owls from the Moonbirds collection
At the time of writing, the lowest price (i.e. the lowest price at which one of the NFTs can be sold) is around 15.85 ETH. On the other hand, some of the items in the collection have been selling at exorbitant prices.
This was the case for Moonbirds 7963, which sold for 135 ETH ($420,000). This one made it into the top 10 most expensive NFTs of the week, alongside the Bored Ape Yacht Club and Cryptopunks.
