NodeMonkes Witnesses 53% Surge in Floor Price Amid Bitcoin Ordinals NFT Craze

Cartooned monkeys

NodeMonkes, Bitcoin’s finest NFT collection, has increased by more than 50% in the last 24 hours, surpassing Bored Ape Yacht Club (BAYC) in market valuation. According to CoinGecko, NodeMonkes’ floor price increased by 53.3%, making it the second-largest NFT collection by market capitalization.

NodeMonkes and Runestone’s Floor Price Surge

On Monday morning, Asian time, NodeMonkes’ floor price rose to 0.83 BTC, or roughly $55,890, and its market value increased to $558.9 million, exceeding that of the Bored Ape Yacht Club.

Notably, NodeMonkes’ sales have increased by 162.0% in the last 24 hours, reaching a total of almost $5.5 million, according to CryptoSlam.

In a related event, Runestone, another Bitcoin-based NFT collection, saw a 125% spike in its floor price during the previous 24 hours, raising its market capitalization to 4,799 BTC, equivalent to $326,255,216. This increase has pushed Runestone to the sixth-largest NFT collection by market valuation.

Runestone Dominates NFT Marketplaces

Runestone has also emerged as the most popular NFT collection across multiple multi-chain support markets. According to data, Runestone has the most sales on sites such as OKX and Magic Eden.

Magic Eden, in particular, has seen Runestone create a trade volume of 198 BTC, or around $13.4 million. Similarly, OKX has seen significant trading activity, with Runestone NFTs collecting a total of 268 BTC, which is roughly comparable to $18.2 million since its inception.

The current floor price for a Runestone NFT is around 0.042 BTC, or $2,982, on Magic Eden, and 0.044 BTC, or $3,009, on the OKX NFT marketplace. Leonidas, a well-known NFT historian and creator of Ord.io, is credited with developing the Runestone NFT collection. Unlike past NFT launches, Runestone’s distribution technique featured an airdrop to Ordinals holders, with a minimum of three inscriptions required to qualify for an NFT.

Magic Eden data suggests that the Runestone collection has 90,000 owners, with 2.5% listed on the marketplace and 1.25% listed on OKX, having around 88,000 owners.

Author: Simeon

Simeon is a seasoned crypto writer with a passion for exploring the fascinating world of blockchain and digital currencies. With a background in finance and technology, Simeon brings a unique perspective to his writing, delving into the complexities of decentralized finance, cryptocurrency trading, and emerging blockchain projects.