Significant Surge in NFT Project Following Token Announcement
The floor price of a prominent NFT project saw an impressive increase of nearly 20% after the announcement of its new token during a Solana-sponsored event in Singapore. Trading activity surged as well, with a notable 63% rise in trading volume within a 24-hour period, totaling 1,683.8 ETH exchanged across the OpenSea and MagicEden platforms.
Introduction of $BIRB Token in the Solana Ecosystem
Moonbirds, renowned for its collection of bird-themed digital assets, revealed plans for the launch of its ecosystem token, $BIRB, at the Birbhalla event in Singapore. This announcement was made by Spencer Ventures, the project’s founder, on October 2, 2025, marking a strategic move into the Solana blockchain. As of now, the team has stated that there is no active contract address or claim process, but they assured the community that comprehensive details will be shared prior to the token’s release to maintain security and transparency.
Market Response and Price Dynamics
In response to the Birbhalla event, which coincided with Token2049 week, the market reacted positively, with the floor price for Moonbirds increasing by 19.4% to reach 4 ETH, according to data from Coingecko. The activity resulted in a robust trading volume of 1,683.8 ETH across both OpenSea and MagicEden, a significant 63% rise from the previous day. It is noteworthy that the all-time high for Moonbirds NFTs was recorded nearly three years ago, peaking at 38.5 ETH.
Community Governance and Future Developments
Similar to other projects like Pudgy Penguins with its governance token $PENGU, the $BIRB token is anticipated to play a vital role in the governance and rewards framework for Moonbirds, enhancing community engagement. The Moonbirds team emphasized the importance of the Birbhalla event, positioning it as the “#1 don’t miss event” during the Token2049 Singapore 2025 festivities. Further updates regarding the issuance, mechanics, and claiming process of the $BIRB token will be communicated to the Moonbirds community in advance. This token launch represents a significant milestone for Moonbirds as it navigates into a new blockchain ecosystem amidst significant transitions, including a change in ownership from Yuga Labs to Orange Cap Games.
Disclaimer
Coinspeaker is dedicated to providing impartial and transparent news coverage. This report strives to offer accurate and timely information, but it should not be interpreted as financial or investment advice. Given the volatile nature of market conditions, readers are encouraged to independently verify information and seek professional guidance before making any financial decisions based on this article.
