Moonbirds NFT Collection Showcases Promising Performance in Digital Collectible Market

Moonbirds NFT Collection Skyrockets in Market Value After Tweet from Mike Dudas

The non-fungible token (NFT) collection, Moonbirds, has been creating quite a stir in the digital collectible market in recent times. This collection has notably been a top performer, especially in the last few months. Investors’ interest piqued this morning when the value of the Moonbirds collection crossed the 3 ETH (Ethereum) threshold following a tweet from Mike Dudas, a well-known cryptocurrency investor and co-founder of The Block.

High Expectations for Moonbirds Holders

According to Dudas’s intriguing tweet, those who hold Moonbirds could anticipate an upcoming token. It’s worth noting that Dudas has been a vocal supporter of this collection, and his words significantly influence market dynamics, possibly driving this morning’s sharp move in price.

Moonbirds’ Remarkable Journey

The Moonbirds collection was initially launched in Kevin Rose’s Proof ecosystem in 2021. Known for its tumultuous history marked by significant floor price volatility, the Moonbirds NFT price quickly rose to 40 ETH shortly after its launch in 2022, and subsequently fell to as low as 0.5 ETH earlier this year. The floor price of Moonbirds surged to a remarkable 3.25 ETH, or $14,500, this morning, with the NFTs presently trading at around 3.12 ETH.

Comparing Moonbirds and Pudgy Penguins Cycles

Some experts have compared the recent growth of Moonbirds to the trend Pudgy Penguins saw between 2023 and 2024. During this period, the Pudgy Penguins collection experienced an enormous price jump, starting from roughly 1 ETH when Luca Netz acquired the collection, to a record high of 34 ETH leading up to the PENGU token launch in December.

Acquisition by Orange Cap Games

Earlier this year, Moonbirds saw another shift in its trajectory when it was bought by Orange Cap Games. This digital IP company, known for its involvement in the Pudgy Penguins ecosystem, acquired the Moonbirds project from Yuga Labs. Orange Cap Games, under the leadership of Spencer Gordon-Sand, not only developed the Pudgy Penguins physical trading game but also secured 144 Pudgy Penguins NFTs from the Three Arrows Capital (3AC) collection in 2023 during 3AC’s liquidation process.

Gordon-Sand’s Advocacy for NFTs

Gordon-Sand’s involvement with Moonbirds and his reputation in the NFT community has been a positive influence on the Moonbirds collection. Known as a vocal supporter of NFTs in general and Pudgy Penguins in particular, Gordon-Sand has remained active even during the NFT bear market. He is also known as one of the largest recipients of the Blur Season 1 airdrop.

Speculation on Moonbirds Token Launch

There’s been a flurry of speculation around Moonbirds launching its own token, although the brand has remained tight-lipped on this matter. Gordon-Sand declined to comment in a recent interview regarding the same, leading to increased anticipation within the industry. To sum up, the leap in Moonbirds’ value can be attributed to several factors, including market dynamics, influential tweets, acquisitions, and the driving force of key industry players. As the anticipation around a possible Moonbird token continues to build, all eyes remain on this promising and turbulent NFT collection.