Data shows Moonbirds NFTs stay on top in Trading Market but it gets Sybil Attack

According to our sources, it looks like someone has created over 400+ accounts to Sybil attack the Moonbirds NFTs raffle. It seems the person has sold the majority of it.

A Sybil attack occurs when an attacker pretends to be many people at once. It is one of the most serious problems when connecting to a P2P network. It manipulates and controls the network as a whole by creating multiple false identities.

Data Shows Moonbirds Nfts Stay On Top In Trading Market But It Gets Sybil Attack

Further, according to NFTgo, the 24-hour transaction volume of Moonbirds NFTs ranks first in the trading market, at about $110 million. It went on sale on April 16th at a price of 2.5 ETH, the current floor price is 9.5 ETH. 

Data Shows Moonbirds Nfts Stay On Top In Trading Market But It Gets Sybil Attack

Moonbirds is a collection of 10,000 utility-enabled PFP NFTs with a diverse set of characteristics. Holding Moonbird grants you access to the private PROOF Discord, as well as additional benefits based on how long you keep the token. This benefit process is known as nesting.

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Chaahat Girdhar

I'm Chaahat Girdhar, a journalist by profession who's turning her dreams into vision and vision into reality. I'm curious and have an appetite for gaining new knowledge. So I'm looking forward to learning things in the better way possible.