Once a cautionary tale, Moonbirds NFTs are experiencing a remarkable resurgence. Originally launched in 2022 by Proof, the project faced significant challenges, resulting in plummeting prices and community backlash. At its lowest point in mid-2023, prices fell dramatically from double-digit ETH to under 1 ETH. However, recent developments have sparked renewed interest. Orange Cap Games, a gaming startup led by Spencer Gordon-Sand, acquired the project aiming to revitalize it. The community engagement has increased significantly, with the floor price climbing from 0.29 ETH to over 3 ETH. In dollar terms, this reflects growth from under $800 to approximately $14,000. A cultural shift within the community, including the introduction of terms like 'birb' and 'birbish,' has also contributed to a fresh identity that resonates with younger audiences. The strategic repositioning under new ownership and a focus on community collaboration position Moonbirds favorably in an evolving NFT landscape. As interest and market activity increase, there is cautious optimism about the future, although industry experts remain wary of unsustainable growth.

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