With a market value exceeding that of the “Fat Penguin”, can NodeMonkes’ dream of “1 Monkey = 1 BTC” come true?
Original - Odaily
Author - Asher
Editor - Qin Xiaofeng
As the price of BTC continues to rise, the Bitcoin ecosystem NFT has ushered in a new round of explosion, among which NodeMonkes (known as Node Monkeys in the Chinese community) have performed most prominently.
According to the latest data from the NFT sector in CoinGecko, NodeMonkes sales volume in the past 24 hours was 80, and the 24-hour transaction volume was 68.28 BTC (approximately 4.6 million US dollars); the current floor price is 0.8 BTC (approximately 53,755 US dollars), and the increase in the past week has exceeded 120%; the total market value is as high as US$537 million, replacing Pudgy Penguins and second only to CryptoPunks and BAYC.
It only took NodeMonkes less than 3 months from project launch to becoming the top three NFT total market value (and the only BTC ecological project in the top five list). Why is it so sought after and favored by the community?
The first native 10K PFP series on Bitcoin
The design prototype of NodeMonkes first appeared in the Ordinals test network on December 21, 2022.
As the first native 10K PFP series in the Bitcoin ecosystem, the project’s casting time is from February 14 to February 16, 2023. There are a total of 111 features in the collection, including 32 for the body, 5 for the ears, and 29 for the eyes. , 45 heads. This project is also one of the most complete projects in the current Bitcoin ecosystem that lists characteristics and rarity.
Image source:Official website
The creator of NodeMonkes is callednodetoshi(Anonymous), known as Satoshi Ishimoto in the Chinese community, has led the creation of multiple projects. According to investigations by multiple community members, he is the organizer of BitcoinRocks and may also be the creator of RSIC. In addition, nodetoshi was one of the first three people on the founding team of Ordinals, and had the highest authority in the early Ordinals DC community - only two people had it, the other one was Casey, and nodetoshi later left the team due to conflicts.
Regarding the fair sale (Freemint) of the project, nodetoshi has his own thoughts. In order to prevent scientists and speculators from jumping ahead, he spent his own money to airdrop 19,000 RSIC to the most active and loyal non-robot accounts in the Bit ecosystem.
When NodeMonkes was released, nodetoshi auctioned 8,000 NFTs using a Dutch auction with decreasing prices, with a starting auction price of 0.21 BTC. After about 30 hours of auction in the Netherlands, it was finally sold out when the price dropped to around 0.04 BTC. Of the remaining NoMonkes, 1,000 are used for the community, contributors, artists, developers, etc.; the other 1,000 are reserved for the founder team, and the relevant wallet addresses have been disclosed.
Image source:Official recommendation
Regarding the NodeMonkes shoot in the Netherlands, there were a few episodes during the shoot. NodeMonkes initially announced that it would conduct Freemint; but the team considered that it would be reserved by scientists and speculators (such as memory pools competing for orders), so it changed to a whitelist for sale again. After that, the team received a large number of whitelist requests and found that many users pretended to be project owners or communities to request whitelists, so they canceled the whitelist sales method. In the end, the Dutch auction was adopted after comprehensive considerations, leaving pricing power to the community and the market, while also avoiding scientists and speculators.
The “golden shovel” of the BTC ecosystem
On January 22, Rune Miner-RSIC was airdropped to the wallets of a group of active NFT players in the Bitcoin ecosystem. NoMonkes holders received huge rewards from this airdrop. According to feedback from community members, active addresses holding NodeMonkes have received up to 5 RSIC airdrops.
After the start of trading, RSICs performance was also very impressive. The floor price exceeded 0.01 BTC on the day of trading. In the following two days, the floor price reached a maximum of 0.05 BTC, and then fell back and stabilized at 0.03 BTC. Recently, as the overall situation of the crypto market has improved, especially the price of BTC, which has continued to rise, the current floor price of RSIC remains around 0.12 BTC (worth approximately US$8,000).
Image source:magiceden
With the recent rise in floor prices, NodeMonkes has attracted more and more attention. It is expected that more BTC ecological projects will airdrop to NodeMonkes holders during cold start in the future, recreating the grandeur of BAYC in the past.
Giant whales increase their positions, 1 monkey = 1 BTC is about to be realized
According to NFTstats.eth monitoring data on March 4, a whale address starting with fh3csy bought six alien NodeMonkes for a total price of 53.45 BTC. The total expenditure was approximately US$3.35 million, with an average price of 8.9 BTC.
Image source:NFTstats.eth
As soon as the news came out, market buying increased. Late yesterday, the floor price once rose to more than 0.9 BTC. Major communities began to discuss NodeMonkes, and there was a strong FOMO mood:
“No benefit is the biggest benefit.I suddenly realized that Nothing>Anything, a project that does nothing is a good project and has unlimited imagination. Review Before BAYC started making games, the floor price had been rising; since it announced that it would make games, the floor price had been falling, and it was completely cool. The node monkeys on the BTC chain have no ecology or vision, and the floor price has risen the best.
“Looking back now, Node Monkey switched from the original Free Mint to shooting in the Netherlands. Is it the intention of the big brother behind it? People who like the Dutch auction method seem to also like the top NFTs on Ethereum, and there may be capital behind it.
“From the Dutch shooting that encountered countless peoples FUD, to the community split after the listing, to the current currency spiral, to the current airdrop win, and now to become one of the most comfortable small group of people in the currency circle. You can make money by holding NodeMonkes.
Node monkeys are the hard currency of the Bitcoin ecosystem. It is no longer a dream to exchange a node monkey for 1 BTC.
summary
From the analysis of community popularity, secondary market transaction volume and other dimensions, NodeMonkes is undoubtedly the leader of NFT in the current BTC ecosystem. At the same time, NodeMonkes’s two major labels of “the first native 10K PFP series in the Bitcoin ecosystem” and “high-quality golden shovel” have also made the project more popular and continued to raise the floor price. Now it is less than 1 Monkey = 1 BTC is not far away either.
In the future, we will wait and see whether NodeMonkes can replace BAYC or even CryptoPunks.
