Key Notes
The floor price of a popular NFT project experienced a significant increase of nearly 20% after the announcement of a new token during an event in Singapore sponsored by Solana. Trading activity surged by 63% within a 24-hour period, with a total of 1,683.8 ETH exchanged across the OpenSea and MagicEden platforms. This governance token is designed to enhance community involvement, akin to the implementation seen with the Pudgy Penguins’ $PENGU token. The Moonbirds NFT project, recognized for its bird-themed digital collectibles, unveiled its upcoming ecosystem token, $BIRB, at the Birbhalla event on the Solana blockchain, part of the Token2049 week festivities. Spencer Ventures, the founder of Moonbirds, announced this strategic move on October 2, 2025, marking a significant step into the Solana ecosystem. The team has stated that there is currently no live contract address or claim process, but they will provide ample notice and detailed information ahead of the token launch to ensure the security and transparency for its holders.
Market Reaction and Price Impact
The announcement made during the Birbhalla event, part of the Token2049 week, elicited a favorable response from the market, with the floor price of Moonbirds rising by 19.4% to reach 4 ETH, as reported by Coingecko. The announcement also led to a trading volume of 1,683.8 ETH across OpenSea and MagicEden, reflecting a 63% increase in trading activity within just 24 hours. It is important to note that the peak prices for Moonbirds NFTs were recorded nearly three years ago when individual NFTs were sold for as much as 38.5 ETH.
Community Governance and Future Outlook
Similar to other NFT initiatives like Pudgy Penguins and its $PENGU token, the newly introduced $BIRB token is anticipated to play a central role in the governance and reward systems of Moonbirds, thereby enhancing community engagement. The Moonbirds team promoted the Birbhalla event as a must-attend highlight during the Token2049 Singapore 2025. Further announcements will be made to provide the Moonbirds community with comprehensive details regarding the issuance, mechanics, and claiming process of the $BIRB token. This launch signifies a pivotal moment for Moonbirds as it ventures into a new blockchain environment, a year marked by significant transitions, including a change in ownership from Yuga Labs to Orange Cap Games.
Disclaimer
Coinspeaker is dedicated to ensuring unbiased and transparent reporting. This article is intended to provide accurate and timely information but should not be construed as financial or investment advice. Given the rapid changes in market conditions, we encourage readers to verify information independently and consult with a financial professional before making any investment decisions based on this content.
