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Following its acquisition by Orange Cap Games, Moonbirds is about to launch its BIRB token, with the collection\u2019s total trading volume climbing over 1,000% in 90 days.<\/p>\n
Moonbirds<\/a>, the NFT<\/a> project known for its pixelated owl collectibles, plans to launch its ecosystem token, BIRB, on the Solana<\/a> network, just over three months after the project was acquired<\/a> by Orange Cap Games from Yuga Labs.<\/p>\n While specific details about the token’s utility remain unclear, the team clarified in an X announcement<\/a> on Thursday that there is no active contract address or claim process, and that ample notice with detailed information will be provided ahead of the token’s official release.<\/p>\n Following the announcement, the Moonbirds NFT collection experienced a surge in activity, with the floor price rising 19.4% to 4 ETH and trading volume increasing 63% to 1,683.8 ETH across OpenSea and Magic Eden. <\/p>\n NFTPriceFloor data<\/a> shows that since Moonbirds\u2019 change of ownership, the collection\u2019s total trading volume has surged past 26,000\u202fETH, a jump of over 1,192% in 90 days.<\/p>\n The token launch aligns with a broader trend in the NFT space, where projects are introducing native tokens to unlock new utilities. For instance, Doodles, an Ethereum-based NFT collection known for its pastel characters, also rolled out<\/a> its own DOOD token on Solana earlier in May to seed DreamNet, a storytelling protocol that rewards creators, while also distributing a sizable airdrop to holders and \u201cNew Blood,\u201d a program designed to attract new users to the ecosystem.<\/p>\n Similarly, the well-known Bored Ape Yacht Club introduced<\/a> ApeCoin (APE<\/a>) in March 2022, a utility and governance token that enables holders to participate in ecosystem decisions and access exclusive events and services.<\/p>\n More recently, Pudgy Penguins launched its PENGU token<\/a> in December 2024.<\/p>\n The Moonbirds token launch also comes amid a broader rebound in the NFT market. As The Defiant reported<\/a> earlier, NFTStrategy, an ecosystem of NFT projects that have introduced native tokens to fund community rewards, governance, and creator incentives, now has a market capitalization of $183 million, according to data<\/a> from NFT Strategy Stats.<\/p>\n