Moonbirds NFT Sells For A Record $800,000 As Demand Heats Up

 Moonbirds NFT Sells For A Record $800,000 As Demand Heats Up

A Moonbird NFT sold for over $800,000 in less than a week after its launch, setting a new record in sales for the fast-growin NFT collection. The collection has skyrocketed in sales and value since a successful launch last week.

Data from NFT Go showed that Moonbirds #7205 sold for about 265 wrapped ETH, or roughly $804,600. The figure is the biggest sale seen by the collection, and is also one of the most valuable NFT sales in recent weeks.

The collection is produced by the Proof Collective, which claims to be a private group of 1000 NFT collectors and artists. Reports say popular artist Beeple- who holds the record for the most valuable NFT sale- is among its ranks.

Source: OpenSea

Moonbirds take flight

Moonbirds is currently the most-traded NFT collection by volume, with 24 hour volumes at $54.5 million, up 51%. Trading in the collection has blown past bigger peers such as Bored Apes, CryptoPunks and Azuki.

Moonbirds is currently valued at about $266.5 million, more than twice its market capital at launch. The token’s floor price is currently at about 33 ETH, over 10 times its minting price of 2.5 ETH.

The collection consists of 10,000 unique images of owls, and offers benefits for holding each token for a longer period of time. Like Bored Apes, Moonbirds also offer membership to an exclusive club that is affiliated with the Proof Collective.

Scams pour in

But the collection’s surge in popularity also invited a slew of scams and phishing attempts on Twitter. Reports showed that hackers had used verified Twitter accounts to send links that claimed to be associated with Moonbirds.

The links encouraged users to link their crypto wallets, after which their funds and NFTs were swiftly drained.

Moonbirds founder Justin Mezzell Tweeted against the hackers, urging users to be cautious. The official Moonbirds Twitter handle also decried the attacks, and said the project did not have any  other channels beyond its official website.

With more than five years of experience covering global financial markets, Ambar intends to leverage this knowledge towards the rapidly expanding world of crypto and DeFi. His interest lies chiefly in finding how geopolitical developments can impact crypto markets, and what that could mean for your bitcoin holdings. When he isn’t trawling through the web for the latest breaking news, you can find him playing videogames or watching Seinfeld reruns.
You can reach him at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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