NodeMonke NFT Sale Hits Record $1M as Bitcoin Approaches All-Time High
March 4, 2024NodeMonkes becomes the top-selling individual Ordinals NFT project, with a record sale of over $1 million in BTC for a single NFT.
The project's cheapest listed NFT now commands a price of nearly $54,400, indicating a significant increase in value.
Bitcoin Ordinals and Ethereum NFTs are neck-and-neck in sales volume, with Bitcoin NFTs surpassing Ethereum for the first time, fueled by demand for NodeMonkes.
A Bitcoin whale's purchase of 6 NodeMonkes for approximately $3.35 million exemplifies the intense interest from large investors.
NodeMonkes ranks in the top three NFTs by market cap, with a valuation over $550 million, trailing only Crypto Punks and Bored Ape Yacht Club.
The upcoming Sotheby's auction of Gavin the Monke from NodeMonkes' collection highlights mainstream recognition.
Anticipation of Bitcoin's halving event, whale activity, and increased ETF inflows suggest potential for further gains in Bitcoin's value and its NFT market.
Summary based on 7 sources
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Sources
CoinDesk • Mar 4, 2024
Bitcoin NFT NodeMonkes Sells for $1M as BTC Inches Towards $69KCointelegraph • Mar 4, 2024
Bitcoin NFTs make comeback in weekly sales, flipping EthereumDecrypt • Mar 4, 2024
Bitcoin Ordinals Boom Yields Record $1 Million NodeMonkes SaleFXStreet • Mar 4, 2024
Bitcoin NodeMonkes NFT collection sees massive spike in demand by whales