NFT insider trading? Moonbirds sales soared before the Yuga deal became official.

Price and volume Ethereum NFT collection moon bird It rose sharply on Friday afternoon following the announcement. Boring Monkey Yacht Club Manufacturer Yuga Labs IP for collection acquired. With manufacturer’s proof. However, a significant surge over the past few days has sparked speculation about insider trading ahead of the release.

According to data from a blockchain analytics platform: CryptoSlamMoonbirds daily sales NFT This month through February 13th, it was less than $100,000 every day. The one exception, February 4th, was worth about $141,000.

However, on February 14, daily Moonbirds sales surged five-fold from the previous day, reaching approximately $460,000, and transaction volume was nearly four times higher than before. And on February 15, sales continued to rise, worth about $333,000. Since this afternoon’s announcement, sales have skyrocketed, with the daily tally now standing at around $3.1 million.

A look at the prices of the project’s lowest price, or the cheapest listed asset in the collection, shows similar spikes in the days leading up to Friday’s announcement.

According to the data, the price on Monday afternoon was around $2,680 worth of ETH. NFT price floor, and began climbing, reaching $5,000 before taking off on Wednesday. The price began to decline slightly from there, but surged again on Friday following the announcement, briefly surpassing the $6,000 equivalent of ETH. As of this writing, it’s down to about $5,170.

It’s no surprise to see asset prices rise after a deal is announced, but there’s no clear indication of what would fuel such a surge in advance other than trading with insider knowledge. And influencers, developers, and community members took to Crypto Twitter on Friday to address the possibility of insider trading.

An anonymous blockchain developer tweeted a sales/price chart for the week showing an unexplained Wednesday spike. the cigar wrote, “Moonbird chart before oil price takeover tweet. No, there is absolutely no insider trading here.”

Cirrus, another well-known household name cryptocurrency trader and influencer, joked that he has a wallet that has purchased over 150 NFTs from the Proof ecosystem in the past few days. It was ‘Nancy Pelosi’s wallet.’ A U.S. congressman and former Speaker of the House has been indicted on charges of trading stocks based on insider knowledge.

“We have made hundreds of thousands of dollars in profits since the Yuga news,” Cirrus wrote.

decryption We reached out to Yuga Labs and Proof representatives regarding the known leak ahead of the official announcement of the deal. A Proof representative said: decryption Yuga Labs stated in response, “There was no leak that we were aware of.”