Pudgy Penguins NFT Collection Reaches New Heights

NFT Collection Surpasses Bitcoin’s Price

The Pudgy Penguins NFT collection has soared to new heights, achieving a floor price of US$100K (AU$157K), surpassing even Bitcoin’s price. This remarkable feat marks a 194% increase in value over the last 30 days.

Rise Attributed to $PENGU Launch

The surge in price is attributed to the imminent launch of the official ecosystem token, $PENGU, on the Solana blockchain later this month. Excitement around this upcoming token release has fueled the appreciation of the Pudgy Penguins NFT collection.

New All-Time High for Collection

Data from CoinGecko reveals that the Pudgy Penguins collection is currently valued at 26.98 Ether (ETH), setting a new all-time high since its inception in mid-2021. The collection has experienced a staggering 194% price increase in the last month, with a 16.1% surge today alone.

Success of Pudgy Penguins NFTs

The Pudgy Penguins collection, consisting of 8,888 unique NFTs, has garnered widespread attention and success since its launch. Notable partnerships with companies like Walmart and Target have contributed to its popularity in the Web3 space.

Upcoming Token Launch

The forthcoming launch of $PENGU on the Solana blockchain has sparked a buying frenzy among collectors. With a total token supply of 88,888,888,888, the project aims for long-term sustainability by implementing a vesting period for team members.

December NFT Market Surge

December has seen a significant surge in the NFT market, with total sales amounting to US$187M (AU$293M), surpassing November’s figures. Ethereum remains the leading blockchain for NFT sales, with Pudgy Penguins and CryptoPunks driving the market’s growth.