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Orange Cap Games, the digital assets company that runs the premier non-fungible token series Moonbirds, has revealed the tokenomics of its highly anticipated $BIRB utility token. The team just allocated 25% of the supply to the non-fungible token community, leaving many people unsatisfied. In response to this massive reaction, the floor price of Moonbirds NFTs dropped +40% in the last 24 hours.
Moonbirds Reveals $BIRB Tokenomics
In a January 27 blog post, Orange Cap Games revealed the token features of its highly anticipated $BIRB utility token. The $BIRB token will serve as the coordination layer of the ecosystem, connecting meme distribution, product sales, and community incentives. In total, 1 billion tokens will be issued, with a portion of the supply airdropped to Moonbirds, Mythics and Oddities NFT holders and community participants. This highly anticipated token is expected to debut on January 28, 2026 on the Solana blockchain network.
Oh 👀
– Loki 😈 (@lokithebird) January 27, 2026
Orange Cap Games is a game and experience design studio that develops and publishes physical and digital collectible card games. The Orange Cap is now Moonbirds’ new IP manager, following their acquisition of the Moonbirds NFT project from Bored Ape NFT creator Yuga Labs. Launched on April 16, 2021, Moonbirds is a collection of non-fungible tokens previously sourced from digital asset incubation studio Proof Collective, including a limited edition of 10,000 pixelated owl-themed NFT avatars hosted exclusively on the Ethereum blockchain network.
The Moonbirds NFT collection was created by Kelvi Rose, a digital artist, technology entrepreneur and venture capitalist. Each Moonbirds NFT is a unique digital image of an owl, with variations in features such as background, beak, body, eyes, glasses, feathers and headgear. The Moonbirds NFT Collection gives holders access to PROOF Collective’s private Discord server, potential access to in-person events, physical items, airdrops, and “full commercial art rights” for their Moonbirds NFTs.
Moonbirds have a unique staking mechanism called “nesting”. By nesting a Moonbird, the NFT holder gets an exclusive chance to obtain benefits and rewards. Orange Cap Games also hosts Mythics, a non-fungible token collection featuring a limited edition of 9,774 NFTs hosted on the Ethereum blockchain network, and Moonbirds Oddities, a non-fungible token series featuring a fixed edition of 10,000 digital assets exclusively hosted on the Ethereum blockchain network.
$BIRB Tokenomics Explained
The Orange Caps Games team, led by prominent crypto investor and brand revitalizer “Spencer”, has finally revealed its $BIRB utility token after a few weeks of waiting. The team allocated 65% of the total billion offering to the community and reserved the remaining 25% for the team, advisors and investors. Moonbirds, Mythics, and Oddities NFTs that are nested will receive 25% of the token’s total supply.
Clarification $birb Tokenomics and Nesting 2.0
SBT allocations are fully unlocked at launch, nested birbs will also receive the first unlock day of their first month.
Moonbirds, Mythics, and Oddities NFTs that are nested will receive 25% of the entire token supply.
Investor and…
– Moonbirds (@moonbirds) January 27, 2026
In the meantime, holders of Moonbirds, Mythics, and Oddities NFTs receive new $BIRB tokens through a new design mechanism that aligns holders with the long-term growth of the ecosystem. To claim $BIRB, deposit your NFT into the nesting protocol and receive an NFT linked to your $BIRB while it is nested, no more birbs stuck on the markets. On the 28th of each month for the next 24 months, nested NFTs can claim 1/24 of their respective allocations.
However, if you nest only part of the month preceding your monthly claim on the 28th, you receive an amount prorated to this amount. No need to rush, all NFTs that nest in the first 7 days are treated as if they had nested for the entire month. SBT allocations are fully unlocked at launch, and nested birbs will also receive their first month of unlock on day one. The launch of the $BIRB token came just seven months after the Orange Cap Games team took over management of Moonbirds from digital asset company Yuga Labs.
Spencer Faces Massive Backlash, But He Fixes NFTs
The Orange Cap Games team received strong backlash from the community regarding their $BIRB allocation, with many complaining about the allocation aimed at non-fungible token holders. Some X holders argue that the team could have allocated more to NFT holders since “Moonbirds” is a pure NFT project. Others expressed dissatisfaction with the claim period. “SBT allocations are fully unlocked during the Token Generation Event (TGE). But NFT holders have to stake them to unlock the allocation, with 24 months of vesting. I’m really sad for these NFT holders,” complained one of the X users.
💥 @moonbirds Tokenome output
😂Looks like the project betrayed its own NFT holders
🪙Total supply – 1B
🪙Incumbent Rewards – 27%
🪙NFT holders – 25%
🪙The remaining 2% could be for SBT
⚠️No clarity yet on SBT allocation👇Here’s the fun part
✅SBT allowances are fully unlocked at… pic.twitter.com/aI2yD8OpxM– CryptoTelugu (@CryptoTeluguO) January 28, 2026
On the other hand, Greg Solano, the co-founder of Yuga Labs, was quick to defend the Moonbirds’ decision, calling it a bold and risky strategy to align the NFT market. “Moonbirds sends a portion of the token on the first day to NFT holders, then requires them to vest for the remaining 24 months. This is about allowing NFT holders to vest, as many prefer to view an airdrop as a time to cash out, sell, and move on. But I don’t blame Spencer for trying to create a situation that aligns NFT holders with the token for longer than it takes to sell,” explained Mr. Greg.
Spencer and Orange Cap Games acquired Moonbirds in June, just seven months ago.
Tomorrow, they give up their token.
It’s fast.
A LOT of NFT projects and protocols were promising ecosystem tokens over 5 years ago at this point, and still to this day, many of these projects are not doing so…
– Garga.eth (Greg Solano) (@CryptoGarga) January 27, 2026
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