Moonbirds Co-founder Kevin Rose Dumps $1.3M NFT Amid Fresh Acquisition

Moonbirds Co-founder Kevin Rose has made headlines as he dumped his prized NFT collection for a whopping $1.3 million amid a recent acquisition. Chinese reporter Colin Wu revealed Rose’s significant sell-off, catching the attention of NFT enthusiasts.

Over the past 16 days, Rose successfully unloaded 328.92 ETH worth of digital assets, as revealed by data from NFTScan. With the current market price of Ethereum at $3,960, Rose’s sale carries a hefty price tag. Among the standout sales, the coveted Fidenza 531 fetched a staggering 142 ETH, equivalent to $562,320. Additionally, Rose bid farewell to XCOPY’s renowned piece “When Airdrop?” for 151.2 ETH, amounting to $598,752.

In a surprising move, Rose transferred the bluechip NFT CryptoPunk 6419 to undisclosed parties and relinquished ownership of two ENS domains, which were consigned to a burning address. Speculations surrounding Rose’s motivations for these actions have started circulating among NFT enthusiasts.

These developments come after Yuga Labs acquired Moonbirds’ NFT development team, PROOF. Yuga Labs, known for their Bored Ape Yacht Club project, gained full ownership of PROOF’s portfolio, including Moonbirds, Oddities, Mythics, and Grails. With the integration of the Proof team into their workforce, Yuga Labs is set to incorporate the Moonbirds collection into their highly anticipated Otherside metaverse game. PROOF’s CEO, Kevin Rose, will take on an advisory role at Yuga Labs following the successful transition process.

Please note that the information provided in this article is for informational and educational purposes only and should not be construed as financial advice. Readers are advised to exercise caution and conduct their own research before making any financial decisions.