NFT Insider Trading? Moonbirds Sales Spiked Before Yuga Deal Was Official

According to file from blockchain analytics lookout CryptoSlam, daily sales volume for Moonbirds NFTs was under the $100,000 mark for each day this month through February 13, through lone one exception—February 4 through around $141,000 well worth.

But on February 14, daily Moonbirds sales volume lanced fivefold from the previous day to around $460,000, through practically four times as most undertakings as in days gone by. And also on February 15, sales volume lingered fomented at around $333,000 well worth. Today, then, sales rose noting the afternoon announcement, through the daily tally currently at around $3.1 million and counting.

A comprehensive appearances at the project’s price floor—or the price of the most budget-cordial glided asset in the heap—instructs a the precise same spike in the days in advance of the Friday announcement.

The price sat at around $2,680 well worth of ETH on Monday afternoon, per file from NFT Rate Floor, and then launched climbing up in days gone by snatching off on Wednesday to hit $5,000. The price launched to creep down from there, but then lanced once again on Friday after the announcement, quickly finishing $6,000 well worth of ETH. It’s down to around $5,170 as of this writing.

Rising asset prices noting the offer announcement is zero immense shock, but there’s zero transparent indication of what would most distinctly fuels such a whip beforehand exterior of trading on wizard guess. And also influencers, developers, and municipal participants took to Crypto Twitter on Friday to telephone call out the potential for wizard trading.

Tweeting a sales/price chart for the week that demonstrates the inexplicable Wednesday spike on Wednesday, pseudonymous blockchain programmer cygaar wrote, “Moonbirds chart in days gone by the Yuga acquisition tweet. Zero way, undeniably zero wizard trading here.”

An additional nicely-given pseudonymous crypto investor and influencer, Cirrus, joked that a pocketbook that snagged more than 150 NFTs from the Proof ecosystem over the last couple of days was “Nancy Pelosi’s pocketbook.” The U.S. Weakness and former Audio agent of the Abode has been defendant of trading stashes based on wizard guess.

“Sitting on a couple hundred thousand in profit after the Yuga news,” Cirrus wrote.

Decrypt reached out to Yuga Laboratories and Proof representatives noting any given leaks in advance of the official announcement of the offer. A Proof agent told Decrypt that there was “zero puncture that we were observant of,” while Yuga Laboratories ridiculed statement on the issue.