Moonbirds Tanked From 2.53 ETH to 0.99 ETH: What Went Wrong?
Moonbirds fell from 2.53 ETH to 0.99 ETH after $BIRB tokenomics revealed a 25% NFT allocation, triggering increased selling pressure.
Moonbirds has seen renewed selling pressure after excitement around the $BIRB token faded. The NFT floor surged to 2.53 ETH after the TGE announcement.
It later fell to 0.99 ETH following the release of tokenomics. The rapid shift reflects changing holder expectations and short term trading behavior.
$BIRB Announcement Sparks Rally, Then Reversal
According to JBond, Moonbirds rallied after confirmation of the $BIRB token generation event.
Traders priced in expectations of strong rewards for NFT holders. This drove short term demand and lifted the floor to 2.53 ETH.
Market activity increased across major NFT platforms during the rally. Buyers moved quickly as token anticipation grew. Many traders positioned themselves ahead of further disclosures.
Sentiment changed once tokenomics details became public. Only 25 percent of the total $BIRB supply was allocated to NFTs. Many holders viewed this share as lower than expected.
Token Allocation Fuels Holder Dissatisfaction
Selling pressure rose soon after the tokenomics release. Listings increased while bid depth weakened across marketplaces.
According to JBond The floor fell to 0.99 ETH as holders reduced exposure.
Allocation size plays a key role in token-related pricing. Smaller shares often reduce expected upside for NFT holders. This dynamic has appeared in past TGE cycles.
Given how TGE airdrops often play out, volatility tends to increase near launch dates. Assets frequently reprice once reward structures are fixed. Moonbirds followed this pattern closely.
Past Controversies Still Influence Sentiment
Moonbirds have faced earlier challenges that affected holder trust. In August 2022, the project shifted to a CC0 license. This removed exclusive commercial rights for holders.
The change caused immediate backlash within the community. Floor prices declined sharply after the announcement. Some holders exited positions during that period.
Leadership changes also added uncertainty. Co-founder exits and ownership shifts raised questions about long term direction. These events still shape reactions to new announcements.
Related Reading: 420,000 Crypto Users At Risk Of Theft Amid New Infostealer Dump
Market Context and Near Term Outlook
The broader NFT market remains sensitive to token events. Liquidity is lower compared to earlier cycles. Sudden changes often trigger sharp price moves.
Moonbirds recovered from a low near 0.22 ETH in August 2024. The rebound followed its acquisition by Orange Cap Games in May 2025. The new owner focused on delivery and community engagement.
The $BIRB token is scheduled to launch on January 28, 2026. With selling pressure already visible, traders expect further volatility. The recent decline raises a key question. How much lower can Moonbirds go as the market adjusts.
The post Moonbirds Tanked From 2.53 ETH to 0.99 ETH: What Went Wrong? appeared first on Live Bitcoin News.
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