Recent Bitcoin NFTs have attracted attention in the market, with Nodemonkes being particularly sought after. In just one week, the floor price has increased by over 66%, approaching 1 BTC, with a current report of 0.945 BTC.
(News Summary:
Breaking News: Bitcoin breaks through $65,000! BTC open interest reaches a new historical high.)
(Background Supplement:
50 Days until Halving: Cryptocurrency total market value exceeds $2.4 trillion, spot ETF increases holdings by 52,000 BTC this week.)
With the wave of text frenzy and the soaring price of Bitcoin starting in 2023, funds have also rotated towards the Bitcoin NFT ecosystem in recent times. Many BTC NFTs have seen remarkable gains, with Bitcoin Puppets rising by 79% in the past week and Natcats rising by 301%. Among them, Nodemonkes has attracted the most attention, with an increase of over 66%, approaching the floor price of 1 BTC. The current report is 0.945 BTC (approximately $60,480).
Source: OKX
What is the origin of Nodemonkes?
It is understood that on December 23, 2023, NokeMonkes (referred to as “Nodemonkes” in the Chinese cryptocurrency community) completed a Dutch auction lasting about 30 hours. This project, as a PFP series on Bitcoin, had a total supply of 10,000 tokens and was completely sold out when the price dropped to 0.04 BTC. The Nodemonkes team earned a revenue of up to 240 BTC from this sale.
However, the process before and after the sale of Nodemonkes has sparked widespread discussion and controversy. Initially, the project gained community popularity for its claim of rejecting a $5 million investment from venture capitalists and deciding to create a project with free minting. However, as the project gained more attention, the team started frequently changing the sales plan, deviating from their initial promise.
The revenue generated from the minting of the project is stored in a multi-signature wallet managed by industry-renowned Bitcoin mining company CEO @hash_bender, Taproot Wizards’ CTO @rot13maxi, and Mining Galaxy’s VP @bitcoinbeezy.
On the 4th, Nodemonkes with the ID 92131 was sold for 16.66 BTC, approximately $1.08 million. Such a large transaction amount further boosted the atmosphere within the Nodemonkes community.
Early investment from debt to million-dollar profits…
The wealth effect brought by Nodemonkes has allowed many early investors to profit. Users on X platform have shared that they haven’t made significant profits in the cryptocurrency market for three years. However, by solely investing all their funds into Nodemonkes in December last year, they were able to turn their situation from debt to profit.
Dynalyst reminds readers to pay attention to the risks before investing in the NFT market.
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