Thursday, July 25, 2024

Moonbirds NFT reaches new milestone with $555.17 million total sales volume.

Launched merely two months ago, Moonbirds has reached a milestone of $55.17 million total sales volume despite a dramatic drop in overall monthly sales volume in the NFT space. Moonbirds landmark sales ignited a spark of hope in the crypto industry that the market crash is nearing an end.

Axie Infinity, Bored Ape Yacht Club (BAYC), CryptoPunks, Art Blocks, Mutant Ape Yacht Club (MAYC), Azuki, The Sandbox, Otherdeeds, and Cool Cats among others have also shown the most sales volume. Now Moonbirds, a non-fungible token project by Proof, is included in this list. The Moonbirds NFT collection is made up of 10,000 owl avatars. Its token #2642 sold for $1 million on OpenSea on April 23.

The project’s success has been attributed to Kevin Rose – one of the most strident voices in the DeFi space. He is regarded as a trailblazer with the success of his previous project dubbed Proof Collective. Moreover, Moonbirds success is also attributed to unique buyers. On the day of the collection’s launch, a surge in sales led to ascending total transaction counts totaling 9,734 unique buyers and 11,550 transactions. The number of unique buyers by the end of April was 11,741 and brought in a total transaction count of 15,909 – Moonbirds recorded a sales volume of $485.22 million. Data shows a huge 89% increase in average sale value from $30,499.98 in April to $57,838.41 in May.

For the month of June, Moonbirds recorded 450 unique buyers, 608 transactions, and an average sale value of $25,232.03.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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