According to Bobby Ong, Moonbirds NFT reached a 2 ETH floor price following Spencer's acquisition of the project from Yuga Labs, marking the most significant community-led takeover of 2025. Ong emphasizes that Spencer is well-positioned to implement major initiatives for Moonbirds, generating renewed trader optimism and increasing trading volumes for the NFT. This momentum signals potential bullish sentiment for NFT-related tokens and ETH, as active community management and leadership transitions continue to influence NFT market valuations (source: Bobby Ong).

According to @KookCapitalLLC, a resurfaced controversy surrounding Yuga Labs’ CryptoPunks NFT collection—highlighting discussions about blackface and genderfluid representations—has sparked renewed debate among traders and collectors (source: Twitter, May 14, 2025). This incident is causing increased volatility in CryptoPunks NFT prices and fueling broader conversations about social responsibility in digital collectibles. Traders should monitor sentiment shifts as these discussions can significantly affect floor prices and trading volumes across major NFT platforms, potentially influencing Ethereum and related token markets.

According to ZachXBT, a former Yuga Labs security researcher was wrongly detained in late 2023 due to a law enforcement error linking them to a $1.1M phishing theft targeting a Bored Ape owner. On-chain analysis by ZachXBT traced the stolen funds, revealing they were moved through multiple crypto wallets and exchanges, ultimately identifying a different perpetrator. The incident underscores the importance of thorough blockchain forensics in crypto-related investigations and impacts trader confidence in NFT security and asset recovery processes. Source: ZachXBT Twitter, May 9, 2025.