Ethereum-based non-fungible token (NFT) collection Moonbirds saw a resurgence in market activity following the sale of its intellectual property (IP) to blockchain game development studio Orange Cap Games.
On June 6, data from NFT data aggregator CryptoSlam revealed that Moonbirds reached a weekly sales volume of over $2 million, up 2,525% from the previous week. For monthly volumes, the collection had surpassed its sales performance for all of May by June 6.
In June, the collection has sales of around $1.4 million so far, up 43% from May’s $900,000. Moonbirds also reached over 1,000 transactions in the last seven days, a 877% increase over the previous week.
Thanks to the surge, Moonbirds is now the seventh-ranked NFT collection in weekly sales, surpassing popular collections including Pudgy Penguins and Bored Ape Yacht Club (BAYC).
Moonbirds surge follows intellectual property sale
This is also the most significant uptick in Moonbirds sales in recent months, signaling investor optimism after NFT company Yuga Labs sold the IP to Orange Cap Games.
On May 30, the game development studio announced that it had acquired the IP of Ethereum-based NFT collections Moonbirds, Mythics and Oddities from Yuga Labs. The acquisition marked a shift for the Moonbirds ecosystem, with Orange Cap Games taking creative and developmental control of the project.
Yuga Labs CEO Greg Solano said Moonbirds “deserve a team whose whole world is the birds.” The Yuga Labs executive expressed confidence that Orange Cap Games is the right steward to help Moonbirds achieve its potential.
Orange Cap Games is known for developing Vibes, a hybrid trading card game integrating physical and digital gameplay elements. The game features Pudgy Penguins IP, allowing players to collect and trade using cards in both the physical and digital worlds.
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NFTs break downward trend in May
The Moonbirds sales uptick comes as digital collectibles showed a resurgence in May, breaking a downward trend throughout 2025.
NFT sales reached $476 million in May, up 27% compared to April. This marked the first monthly sales increase in 2025, after a five-month decline since December 2024.
The month also showed a significant uptick in unique NFT buyers, reaching 936,000. This figure shows a 50% increase compared to April’s 622,000.
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