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NFT: Moonbirds NFT launch generates over $200M sales in two days
Moonbirds NFTs were launched on Saturday, April 16, and in just two days, they already fetched an astonishing $200 million in sales. The owl-themed non-fungible tokens were dropped by the PROOF Collective, a private group of NFT collectors led by Ryan Carson and Kevin Rose, that has a membership pass that costs at least 99 ETH.
According to CoinDesk, the sale of Moonbirds NFT has captivated many collectors and with its record sales, it has become the latest collection to reach the blue chip status just a few days after its mint on Saturday.
The interest and hype over the owl-themed NFTs were described to be historic. It is more memorable as well because this is actually the first project of PROOF Collective and yet, all of the tokens got sold out and it happened in a very short time.
The Moonbirds NFT collection consists of 10,000 PFPs or profile pics and it was sold for 69,000 ETH or about $207 million. It was said that the floor price was price 21.3 ETH or $64,000 at the time of the report. The collection also debuted on top of OpenSea NFT marketplace’s volume leaderboard in the last 30 days, topping Azuki and Bored Ape Yacht Club with prices of 50,000 and 35,000 ETH, respectively.
The sales of Moonbirds NFTs on secondary markets blew up over the weekend, as per Decrypt. As this happened, Dune Analytics data stated that OpenSea Marketplace reached its largest day of trading volume in over two months last weekend, effectively topping $177 million worth of Ethereum trading.
Each of the Moonbirds non-fungible tokens is offered through and sold for 2.5 ETH when it was dropped on Saturday. This is around $7,600 and PROOF Collective released another 2,000 of the owl images but these were given as free mints to holders of the group’s membership pass. Only 1,000 of the passes are available and each holder is allowed to mint just two Moonbirds NFTs.
Finally, Moonbirds is an Ethereum profile picture collection and there are 10,000 images in total. These were randomly distributed just like the CryptoPunks and the Bored Ape Yacht Club.