Prices and transaction volume b Ethereum NFT collection Birds of the moon Following the announcement, he rose sharply on Friday afternoon Boring Monkey Boat Club Maker had Yoga Labs. He got the IP for the collection With creator proof. But the sharp increases over the past two days fueled speculation of insider trading before the revelations.
According to the data of the blockchain analysis platform Crypto IslamDaily sales volume for Moonbirds NFTs It was below $100,000 for every day this month through February 13, with only one exception – February 4, which was worth about $141,000.
By February 14, however, Moonbirds' daily sales had increased fivefold from the previous day to $460,000, making four times as many transactions as before. And on February 15th, sales were up by about $333,000. Today, then, sales have soared following the afternoon announcement, with daily totals currently at $3.1 million and counting.
A look at the project's price floor, or the price of the cheapest listed property in the stock, shows a similar increase in the days leading up to Friday's announcement.
As of Monday afternoon, the price was sitting at around $2,680 ETH, according to data from NFT price floorTo hit $5,000, they started climbing before Wednesday's departure. The price then started to slide back down, but rebounded after the announcement on Friday, briefly pushing ETH above $6,000. As of this writing, it's down to about $5,170.
A rise in asset prices after the deal announcement is not a big surprise, but there is no clear indication of what is fueling such a sharp increase other than trading on insider knowledge. And influencers, developers and community members took to Crypto Twitter on Friday to call out insider trading.
Tweeting the week's sales/price chart showing Wednesday's unannounced rise, anonymous blockchain developer Cigar wrote, “Moonbirds Chart Before Yuga Buy Twitter. No, there's definitely no insider trading here.”
Another famous fake crypto trader and influencer, Syrus, has joked that he bought more than 150 NFTs from the Proof ecosystem wallet in the last few days. It was “Nancy Pelosi's bag.” The US representative and former speaker of the House have been charged with insider trading.
“Hundred thousand sitting in profit after Yuga news,” wrote Sires.
Decrypt He contacted representatives of Yoga Labs and Assurance regarding any known leaks prior to the official announcement of the deal. A confirmation representative said. Decrypt Yuga Labs declined to comment on the matter, saying, “There is no leak that we are aware of.”
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