NodeMonkes, a prominent NFT collection within the realm of Bitcoin, has experienced a remarkable surge in market capitalization, surpassing the well-known Bored Ape Yacht Club (BAYC) by over 50% in just 24 hours. CoinGecko data reveals a significant 53.3% increase in NodeMonkes’ floor price, propelling it to become the second-largest NFT collection in terms of market cap.
In the early hours of Monday, Asian time, NodeMonkes’ floor price skyrocketed to 0.83 BTC, approximately $55,890, with its market cap reaching an impressive $558.9 million, outperforming the Bored Ape Yacht Club in market capitalization. Furthermore, the sales volume of NodeMonkes surged by a staggering 162.0% in the past 24 hours, reaching about $5.5 million, as reported by CryptoSlam.
Simultaneously, another Bitcoin-based NFT collection, Runestone, experienced a surge in its floor price, witnessing a remarkable 125% increase within the same 24-hour period. This surge elevated Runestone’s market capitalization to 4,799 BTC, equivalent to $326,255,216, making it the sixth-largest NFT collection by market capitalization.
Runestone has asserted its dominance by emerging as the leading NFT collection across various multi-chain support marketplaces. The data indicates that Runestone has claimed the top spot in sales on platforms such as OKX and Magic Eden. Particularly, Magic Eden witnessed a trading volume of 198 BTC, approximately $13.4 million, generated by Runestone, while OKX recorded a substantial trading volume of 268 BTC, roughly equivalent to $18.2 million since its inception.
The brains behind the creation of the Runestone NFT collection is Leonidas, a prominent NFT historian and the founder of Ord.io. Unlike traditional NFT launches, Runestone implemented a distinct distribution method that involved an airdrop to Ordinals holders, requiring ownership of at least three inscriptions to qualify for an NFT. Remarkably, data from Magic Eden reveals that the Runestone collection boasts 90,000 owners, with 2.5% listed on the marketplace, while 1.25% of the collection is available on OKX, with approximately 88,000 owners.
The phenomenal surge of NodeMonkes and Runestone in market capitalization showcases the growing interest and investment in NFT collections within the realm of Bitcoin. As these collections continue to attract attention and dominate various marketplaces, the future of NFTs within the crypto space appears to be increasingly promising and lucrative.
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