NFT Market Signals Recovery as Moonbirds Reclaims Momentum with Web3 Relaunch

NFT Market Rebounds

Following a prolonged downturn, the NFT market is showing clear signs of recovery. Recent total trading volume has surged over 300%, and market capitalization has surpassed $6.3 billion, signaling renewed momentum in what was once one of the hottest sectors. Moonbirds, Pudgy Penguins, Milady, and BAYC have all led this rally by posting significant gains. Three key drivers are powering this rebound:

• Whales are buying up blue-chip NFTs, with CryptoPunks and Moonbirds being consolidated by long-term investors. This reduction in circulating supply is creating upward pressure on prices.
• ETH liquidity is tightening. Since the Ethereum Merge, deflationary effects and staking lockups have further amplified NFT scarcity value.
• Institutional capital is returning. As policy stances shift and ETF investment grows, blue-chip NFTs are once again undergoing reassessment.

The Moonbirds Comeback

Moonbirds’ remarkable resurgence is no accident. The turning point arrived in May 2025, when Web3 gaming developer Orange Cap Games (OCG) acquired the Moonbirds, Mythics, and Oddities NFT-related intellectual property assets from Yuga Labs. Industry observers viewed this move as a strategic reboot, and Moonbirds’ floor prices soared more than 430% as a result.

OCG’s involvement is more than just a management change—it marks the arrival of a new vision. CEO Spencer repositions Moonbirds as a brand with cultural relevance and untapped community potential. He outlines three priorities: reinvigorating community engagement, expanding market presence, and fostering diverse IP applications. Moonbirds has already reactivated its community communication channels, including a Telegram group and daily industry briefings, and is preparing to expand on content platforms like TikTok, YouTube, and Giphy.

Web3 Gaming Meets NFT IP

OCG is not just an NFT collector—they are an innovator in Web3 gaming and brand merchandising. Under Spencer’s leadership, the team previously revitalized the Pudgy Penguins IP, launching both digital and physical card games under the “Vibes” series, selling over 4 million cards and generating more than $1.5 million in physical revenue alone.

This business model is now being implemented with Moonbirds. The approach blends physical merchandise, gamified community interaction, and platform building to create an NFT ecosystem that extends beyond digital collectibles into interactive and tangible user experiences. OCG has also announced that Moonbirds will adopt an open IP model, enabling outside developers to create with its characters and art, provided they meet quality standards. This approach provides the flexibility necessary for future business collaborations and cross-industry expansion.

New Funding and Partnerships

In June 2025, Moonbirds completed a $3.5 million seed round with prominent investors including Yuga Labs, 1kx, and IVC. According to internal figures shared by Spencer, three partnership projects have already been secured since the acquisition, and the team is actively recruiting new talent. These moves signal that Moonbirds has been revitalized both financially and operationally, demonstrating a clear path out of its earlier stagnation.

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Summary

Moonbirds is currently positioned at a critical point for renewed growth, with advantages in brand equity, community foundation, and capital support. Whether it can overcome its previous challenges and replicate Pudgy Penguins’ recovery remains uncertain, and only time and the market will provide a definitive outcome.