By
Andy Watson
May 9th, 2024
While NodeMonkes garnered attention as the third-highest valued NFT collection, the broader market for Bitcoin ordinals remains active and robust.
NodeMonkes, an NFT collection of 10,000 unique pixelated images inscribed on the Bitcoin (BTC) blockchain, has experienced a massive surge in sales as the crypto market continues to bloom, with BTC reaching $65,000 today.
According to data from Cryptoslam, the ordinals collection hit over $11.4 million in sales volume, reaching an all-time high since its debut in 2023.
Someone Purchased a NodeMonke for Over $1 Million
NodeMonkes officially entered the crypto industry in December of last year, following the minting of its digital artworks onto the Bitcoin protocol in February of the same year.
The project’s creators describe the non-fungible tokens (NFTs) as the first collection of 10,000 characters on Ordinals, offering a unique opportunity to embed text, data, and art onto individual fragments of BTC, known as Satoshis.
The developers, who have chosen to remain anonymous, depict each pixelated artwork as an animal, such as a monkey or duck, possessing distinct traits and characters.
CoinDesk reported that the ordinals collection started trading with an initial listing price of nearly $9,000. However, with the current market rally, NodeMonkes has become one of the hottest collections in the industry, selling for a minimum price of around $56,500, surpassing rivals such as Pudgy Penguins and MAYC.
Earlier today, a crypto trader purchased one of the “monks” dubbed Alien Hoodie for 17 BTC, amounting to over $1 million.
SOLD: Alien Hoodie (#2769) for 17 btc ($1,080,000) on M.E.
The first million dollar monke sale.
Congratulations to buyer & seller.
—— SEND NODES —— pic.twitter.com/9DrvZBJH2X
— NodeMonkes ◉ (@nodemonkes) March 4, 2024
The pixelated artwork appeared for sale on Magic Eden, a Solana-based NFT marketplace, with various price tags in BTC, including 1.5 BTC, 2.5 BTC, 30 BTC, 40 BTC, and 42 BTC. It was initially listed at 30 BTC about 13 hours before being sold for 17 BTC. The buyer has now acquired a total of 20 NodeMonkes, equivalent to roughly 0.2% of the entire collection.
Bitcoin-Traded Ordinals Generate $35 Million in Volume
While NodeMonkes garnered attention as the third-highest valued NFT collection, the broader market for Bitcoin ordinals remains active and robust.
According to data from Cryptoslam, Bitcoin-based NFT collections saw the highest trading volumes in the last 24 hours, reaching approximately $33 million, surpassing Ethereum’s trading volume.
In contrast, Ethereum’s NFT market recorded around $24 million in trading volume within the same period. For Solana, the network saw around $9 million in sales volume.