Recently, Bitcoin NFTs have attracted attention in the market, with Nodemonkes gaining popularity. Within just one week, the floor price has increased by over 66%, approaching 1 BTC. As of the deadline, it is temporarily reported at 0.945 BTC.
(Background:
Breaking News: Bitcoin breaks $65,000! BTC open interest reaches a new historic high.
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(Supplement:
50 days countdown to halving: Total market value of cryptocurrencies exceeds $2.4 trillion, spot ETF increases holdings by 52,000 BTC this week.
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With the trend of metaverse and the surge in Bitcoin prices starting in 2023, funds have also been flowing into the Bitcoin NFT ecosystem recently. Many BTC NFTs have seen astonishing gains. Among them, Bitcoin Puppets has had a gain of 79% in the past week, Natcats has risen by 301%, but Nodemonkes has attracted the most attention with an increase of over 66%. The floor price is approaching 1 BTC, and as of the deadline, it is temporarily reported at 0.945 BTC (approximately $60,480).
Source: OKX
What is the origin of Nodemonkes?
It is understood that on December 23, 2023, NokeMonkes (referred to as “節點猴” in the Chinese cryptocurrency community) completed a 30-hour Dutch auction. This project, as a PFP series on Bitcoin, had a total supply of 10,000 tokens and was sold out when the price dropped to 0.04 BTC. The Nodemonkes team earned a revenue of up to 240 BTC from this sale.
However, the process of Nodemonkes before and after the sale has sparked extensive discussion and controversy. Initially, the project gained community favor because it claimed to have rejected a $5 million investment from venture capitalists and decided to create a project with a free minting concept. However, as the project gained more attention, the project team began to frequently change the sales plan, deviating from their previous commitments.
The minting revenue generated by the project is stored in a multi-signature wallet, which is jointly managed by well-known Bitcoin mining company CEO @hash_bender, Taproot Wizards’ CTO @rot13maxi, and Mining Galaxy’s VP @bitcoinbeezy.
On the afternoon of the 4th, NokeMonkes with the ID 92131 was sold for 16.66 BTC, approximately $1.08 million. This substantial transaction amount further boosted the atmosphere of the NokeMonkes community.
Early investments went from debt to earning millions…
The wealth effect brought by Nodemonkes has allowed many early investors to profit. Users on X platform have shared that they have not made significant profits in the cryptocurrency market for three years. However, by investing their entire available capital into Nodemonkes in December last year, they managed to turn their situation from debt to profit.
Dynamite Zone reminds readers to be cautious of the risks before investing in the NFT market.
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