Price and trading volume Ethereum NFT collection moonbird The stock soared on Friday afternoon following the announcement. boring ape yacht club Manufacturer Yuga Labs had I got the IP of the collection Alongside the creator’s proof. However, a significant spike in recent days has heightened speculation of insider trading ahead of the reveal.
According to data from blockchain analysis platform crypto slamMoonbirds’ daily sales volume NFT Every day this month through February 13th was less than $100,000, with the only exception being February 4th, when it was worth about $141,000.
But on February 14, Moonbirds’ daily sales jumped to about $460,000, five times the previous day’s value, and the number of transactions was almost four times the previous number. As of February 15th, sales remained at a high level of approximately $333,000. And today, following this afternoon’s announcement, sales have skyrocketed, with daily sales now reaching approximately $3.1 million, and that number continuing to rise.
Looking at the project’s lowest price, the price of the cheapest listed asset in the collection, we see a similar spike in the days leading up to Friday’s announcement.
The price on Monday afternoon was hovering around the equivalent of ETH at about $2,680, according to the data. NFT price floor, and started rising before taking off on Wednesday, reaching $5,000. The price started to slowly fall from there, but it soared again on the Friday after the announcement, briefly surpassing the $6,000 equivalent of ETH. As of this writing, it’s down to about $5,170.
An increase in asset prices after a deal is announced is not a huge surprise, but there is no clear indication in advance of what could be driving such a spike other than trading based on insider information. And on Friday, influencers, developers, and community members took to Crypto Twitter to complain about possible insider trading.
Anonymous blockchain developer tweets this week’s sales and price graph showing Wednesday’s unexplained spike written by cigar, “Moonbirds chart before Yuga acquisition tweet. No, there is absolutely no insider trading here. ”
Cirrus, another well-known crypto trader and influencer, joked that his wallet has purchased over 150 NFTs from the Proof ecosystem in the past few days. It was “Nancy Pelosi’s wallet.” A member of the U.S. House of Representatives and former speaker of the House is accused of trading stocks based on insider information.
“Hundreds of thousands of profits were made after the Yuga news,” Siras wrote.
Decryption Prior to the official announcement of the deal, we reached out to representatives from Yuga Labs and Proof regarding known leaks. A Proof representative said: Decryption “There were no breaches that we were aware of,” he said, but Yuga Labs declined to comment on the matter.
