Moonbirds’ BIRB Token Debuts on Solana With Volatile Start

Moonbirds, an Ethereum-based NFT project, introduced its native BIRB token on the Solana network on January 28, marking a significant cross-chain expansion for the brand. Following its debut, the token experienced a sharp rise in value, climbing from roughly 20 cents to more than 35 cents within the first hours of trading. It later stabilized near 30 cents, reflecting a gain of about 70 percent compared with its launch level.

At this price range, and according to the project’s published token structure, BIRB’s fully diluted valuation reached approximately 303.5 million dollars, while its market capitalization stood near 86.5 million dollars. This valuation already exceeded the level anticipated by a Polymarket prediction contract that estimates where the fully diluted value may stand 24 hours after launch, a timeframe defined as 4:00 p.m. Eastern Time on the following day.

The token’s release came shortly after the team disclosed detailed tokenomics earlier in the week. Those details indicated that 65 percent of the total one billion token supply was earmarked for the wider community, signaling an effort to emphasize community participation in the ecosystem.

Allocation Structure and Community Concerns

Within the community allocation, the distribution was broken down into several categories. Holder rewards were set to receive 27 percent of the total supply, while ecosystem partners were assigned 12 percent. Another 10 percent was designated for value chain incentives. Liquidity and innovation initiatives were each allocated 8 percent. The innovation portion was described by the team as a strategic reserve intended to help secure the ecosystem’s long-term development.

Outside the community share, the team kept 10 percent of the supply, and investors and advisors collectively controlled 25 percent.

Despite the sizable community allocation on paper, some Moonbirds NFT holders signaled dissatisfaction. Their concerns reportedly focused on the relatively modest portion directed to immediate holder rewards and on practical issues surrounding the timing and mechanics of claiming tokens.

The team explained that Soulbound Tokens functioned as claims tied to nested NFTs and were fully distributed at launch. However, it outlined that the nested NFTs themselves would release BIRB rewards gradually, with distributions occurring monthly over a 24-month period. This schedule effectively introduced a long vesting timeline for many participants.

Nesting Mechanics and Market Reaction

Nesting was described as a mechanism similar to staking. Participants deposit eligible Moonbirds ecosystem NFTs into a dedicated protocol, temporarily removing them from open market trading. In return for locking up these assets, users become eligible to claim BIRB token rewards over time.

After the disclosure of the updated tokenomics and details around Nesting 2.0, the Moonbirds NFT market reacted noticeably. Floor prices for Moonbirds NFTs fell by more than 30 percent, sliding to about 1.10 ETH. Market data indicated that this price level had not been observed since July 2025.

One NFT collector active on social media conveyed that many participants appeared dissatisfied with the portion of tokens directed to the community and with the lengthy vesting structure. The collector indicated having reflected extensively on the situation and expressed difficulty avoiding disappointment while watching the value of held NFTs decline significantly following the tokenomics announcement.

Overall, the BIRB launch illustrated both the opportunities and tensions that accompany token expansions by established NFT brands, as rapid price movements and allocation debates shaped early sentiment around the project.

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